Foreclosure Completions Down Two-Thirds From 2010 Peak

In a sign that housing continues to move toward stability, February 2015’s total of 39,000 completed foreclosures nationwide represented a decline of 15.7 percent from the previous February – and a decline of 67 percent from their peak reached in September 2010, according to CoreLogic‘s February 2015 National Foreclosure Report released Tuesday.

February 2015’s total of completed foreclosures, which are an indication of the total number of homes lost to foreclosure, was still nearly double the pre-recession monthly average of 21,000 (from 2000 to 2006) but that completed foreclosures have been steadily rolling downhill toward pre-recession levels for many months. About 5.6 million homes have been lost to foreclosure since September 2008, when the financial crisis began, and about 7.7 million foreclosures have been completed since homeownership rates peaked in the second quarter of 2004.

To read the entire article, go to: https://dsnews.com/news/04-14-2015/foreclosure-completions-down-two-thirds-from-2010-peak

Brian Honea – dsnews.com – April 14, 2015