Tag Archives: Lenders Chip Away at Foreclosure Inventories

Completed foreclosures rose in March, but the big drop in the number of distressed properties entering the pipeline remains encouraging, analysts say. In March, 55,000 foreclosures were completed, a 6 percent increase from February, according to a newly released report from CoreLogic. But, overall, foreclosures have fallen more than 16 percent year-over-year. Completed foreclosures are down 52 percent from their 2010 peak, and nearly all of the top 100 major metro areas are posting declining foreclosure rates, says Mark Fleming, CoreLogic’s chief economist. About 1.1 million homes were in the […]