Interesting data points from CoreLogic:

• The five states with the largest number of completed foreclosures for the twelve months ending in January 2012 were: California (155,000), Florida (86,000), Arizona (65,000), Michigan (65,000) and Texas (57,000). These five states account for 49.7 percent of all completed foreclosures nationally.

• The percent of homeowners nationally who were more than 90 days late on their mortgage payments, including homes in foreclosure and REO, was 7.2 percent for January 2012 compared to 7.8 percent for January 2011, and 7.2 percent in December 2011.

• The five states with the highest foreclosure rates were: Florida (11.8 percent), New Jersey (6.4 percent), Illinois (5.3 percent), Nevada (5.0 percent) and New York (4.7 percent).

• The five states with the lowest foreclosure rates were: Wyoming (0.7 percent), Alaska (0.8 percent), North Dakota (0.8 percent), Nebraska (1.1 percent) and Texas (1.3 percent).

• Of the top 100 markets, measured by Core Based Statistical Areas (CBSAs) population, 32 are showing an increase in the foreclosure rate in January 2012 compared to a year ago, the same as from December 2011 when 32* of the top CBSAs were showing an increase in the foreclosure rate compared to December 2010.

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CoreLogic Serious Delinquency Rates

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Source:
More Than 860,000 Completed Foreclosures Nationally in the Last Twelve Months
145,000 Y-O-Y Decline in Foreclosure Inventory to 1.4 Million Homes
CoreLogic Reports, March 15, 2012
http://www.corelogic.com/about-us/researchtrends/asset_upload_file902_14571.pdf

Category: Foreclosures

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “CoreLogic: 860,000 Completed Foreclosures”

  1. louis says:

    National Pride at work.

  2. 873450 says:

    What’s up with Texas having the 5th highest number of foreclosures (57,000) while simultaneously having the 5th lowest foreclosure rate (1.3%).

    Is it possible Texas courts accept robo-calling in lieu of robo-signing?

  3. ami_in_deutschland says:

    With its absolutely unnecessary inclusion of hatched lines and illogical color coding, this is one of the worst graphics I’ve seen in a very long time. I sure hope Edward Tufte doesn’t read this blog — he would have a stroke!