Foreclosures fall across US
A progress report detailing the level of foreclosures across the USA real estate market show a drop in the number at the end of April when compared to the same period a year ago.
According to the figures supplied by Corelogic analysts around 1.4 million homes with an American mortgage were recorded in the total foreclosure inventory at the end of the first four months of 2012 the figure recorded in April 2011 reached 1.5 million.
In the time since the beginning of the financial crisis towards the end of 2008 more than 3.5 million homes across the USA real estate market have fallen victim to the foreclosure process. During the last twelve months approximately 830,000 properties have passed through the process.
The states with the highest number of completed foreclosures in the twelve months ending in April include California with more than 140,000, Florida, Georgia and Michigan at the other end of the scale the state with the least number of completed foreclosures during the same period was South Dakota with just 62 homes claimed by foreclosure.