63,000 Foreclosures Completed in May

According to the monthly numbers released by CoreLogic, the number of foreclosures completed in May 2012 was 63,000, up from 62,000 in April but down from 77,000 one year ago. Since September 2008, the start of the current financial crisis, 3.6 million foreclosures have happened across the country.   This number represents the number of homes actually lost to foreclosure, and does not include homes that are in some state of pre-foreclosure. California, Florida, Michigan, Texas, and Georgia saw the highest amount of foreclosures – together accounting for nearly half in the US. The states with the lowest number of foreclosures are South Dakota, Washington D.C., North Dakota, Hawaii and West Virginia. The complete foreclosure report also looks at the current foreclosure inventory levels across the country.   Click here to read the full report.
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