Monday, October 8, 2012 / by Dan Keller
In the latest foreclosure report from CoreLogic, there were 57,000 completed foreclosures in the U.S. in August 2012, down from 75,000 in August 2011 and 58,000 in July 2012.
Here in South Orange County, Ca., in the coastal markets, we're seeing similar downward trends as a percentage. We do expect foreclosures to continue to decrease as the banks seem much more interested in doing a gradual transition to short sales and modifications. If you are thinking about a short sale with your San Clemente real estate, feel free to visit us at www.SearchOcHomesForSale.com or call me at 949-244-0320. Going back to the latest foreclosure report,
Mark Fleming, chief economist forCoreLogic reveals:
“August marks the fourth month in a row there were fewer completed foreclosures, which is more evidence that the housing industry is finding its footing. While we are seeing improvement on a national level, there remain higher concentrations of foreclosures in some areas with five states accounting for nearly half of all completed foreclosures nationwide during the last year.”
To see the entire story from Core Logic click on the link below.