Wednesday, July 10, 2013

Corelogic: Foreclosure inventory in Colorado down slightly in May 2013

According to the May 2013 foreclosure report from Corelogic, the foreclosure inventory in Colorado was 0.8 percent of all homes with a mortgage during May 2013, dropping 0.6 percentage points form May of 2012. 2.6 percent of homes with a mortgage were seriously delinquent during May 2013.

According to the report, 14,039 completed foreclosures occurred during the 12 months ending in May 2013. That's down 27 percent from May 2012 when there were 19,289 in the 12 month period ending May 2012.

Nationally, the foreclosure inventory was 2.6 percent of all homes with a mortgage, and 5.6 percent of all homes with a mortgage were seriously delinquent. There were 706,349 completed foreclosures in the 12-month period ending May 2013, which was down 13 percent from 819,327 completed foreclosure reported during the 12 months ending in May 2012.

The states with the highest percentage of seriously delinquent loans were Florida and Illinois with rates of 13.3 percent and 7.5 percent, respectively. The states with the lowest rates of seriously delinquent loans were Wyoming and North Dakota with rates of 1.8 percent and 1.2 percent, respectively.