So says Corelogic here.
Completed foreclosures in October 2014 came to 41,000 nationally, 20,000 higher than the 2000-2006 average of 21,000 per month. Still, the level represents a big drop over the past year and is part of a consistent decline in houses reaching completed foreclosure going back 36 months.
4.2% of all mortgages were in serious delinquency in October.
FL, MI, TX, CA and GA alone accounted for 256,000 of 561,000 completed foreclosures in all states in the last twelve months, almost 46% of the total.
Michigan is still tops among non-judicial states in October for completed foreclosures in the last twelve months: 45,000.
Florida is tops in judicial states in the last 12 months: 118,000 completed foreclosures.
The half million plus completed foreclosures in the last twelve months represents the lowest level since October 2007 according to Corelogic. The relatively few additions since the September report mean that completed foreclosures since 2008 continue to hover around the 5.2 million level.
All figures are rounded.
