Foreclosure Rates Keep Falling

Dated: March 5 2014

Views: 656

CoreLogic reports a dramatic drop in completed foreclosure rates over the past year.

The Irvine, Calif.-based real estate research firm reports 48,000 foreclosures were completed nationally in January, a 19 percent drop from one year ago.

There were 2,292 completed foreclosures in the Portland area for the 12 months that ended in January. CoreLogic said 3.9 percent of mortgages were seriously delinquent.

Completed foreclosures serve as an indicator for the total number of homes actually lost to foreclosure. There have been approximately 4.9 completed foreclosures since September 2008. Prior to the recession, the average figure was 21,000 per month. Read More Here...
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

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