CoreLogic: Foreclosures decline 16% in July

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CoreLogic states that 166 U.S. metro areas in March posted small increases in overall delinquency rates. "Delinquency rates and foreclosures continue to drop through March and should decline further ..

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CoreLogic, Irvine, Calif., said foreclosure action and the nation’s foreclosure inventory continued to decline in July. The company’s National Foreclosure Report said the foreclosure inventory declined by 27.9 percent and completed foreclosures declined by 24.4 percent from a year ago.

CoreLogic’s dwelling price results are in for July, with a 1.45% jump in values recorded over the month at the 5-city level, driven by Melbourne (+3.12%), Sydney (+1.37%) and Adelaide (+1.07%.

About 45,000 foreclosures were completed across the U.S. in July – down 8.5% from about. completed foreclosures across the country, CoreLogic reports. The stock of distressed debt continues to.

In all, 1,646 loans were seriously delinquent in August, a decline of 1.7 percent from July and 21.8 percent from August 2013. Foreclosure inventory declined by 2.6 percent from July to August,

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Annual decline in foreclosures slowed in August, CoreLogic report reveals The inventory of homes in some stage of foreclosure declined at a slower annual rate in August than in July, according to the CoreLogic monthly assessment of U.S. foreclosures .

Foreclosure rates in Huntington-Ashland decreased for the month of May over the same period last year, according to data released Tuesday, July 23, 2013 from CoreLogic. The CoreLogic data reveals that the rate of Huntington-Ashland area foreclosures among outstanding mortgage loans was 2.23 percent for the month of May 2013, a decrease of 0.56.

“The decline. down again in July, this time by 16 percent versus a year ago, as servicers increasingly rely on alternatives to the foreclosure process, such as short sales and modifications,” said.

Foreclosure filings. It was the first time since July 2007 that the number fell below 200,000. The largest decreases occurred in states with no court supervision of repossessions, led by Arkansas.

 · CoreLogic Reports Lowest U.S. Foreclosure Rate for a March in at Least 20 Years; Overall and Serious Delinquency Rates for a March at 13.