Corelogic released today its April 2012 report on completed foreclosures and foreclosure inventory. According to the report, the foreclosure inventory in the US was 3.4 percent of mortgages during April 2012, which was down 0.1 percent from April 2011.
In Colorado, the foreclosure inventory was 1.4 percent of all mortgages, making Colorado tied for the 4th-lowest foreclosure inventory rate in the nation. Only North Dakota,Wyoming and Nebraska had foreclosure invetory rates that were lower. Colorado was tied at 1.4 percent with Missouri, Virginia, Montana, and South Dakota.
Florida had the highest foreclosure inventory rate in the nation at 12.0 percent during April.
Corelogic listed the number of completed foreclosures in Colorado over the past 12 months at 19,488 which compares fairly closely with annual totals collected by the Colorado Division of Housing. There were 19,622 completed foreclosures during the 12 months of 2011.
Denver area was again lowest among all metros in its foreclosure
inventory during April. 1.4 percent of all loans with mortgages were in foreclosure
in the Denver area. In Chicago, the rate was 6.3 percent.