Florida, Michigan, Texas, Ohio, and California combined for approximately 186,000 completed foreclosures during the year-long period ending in April, according to CoreLogic. This number represented more than 40 percent of the 461,000 completed foreclosures nationwide for the 12-month period that ended April 30.
The number of 12-month completed foreclosures dropped by about 14 percent year-over-year in April, from 537,000 down to about 461,000.
Florida has traditionally led the way in completed foreclosures but has seen a dramatic decline in that category just in the last year alone. Approximately 106,000 foreclosures were completed in Florida for the12-month period ending April 30, 2015. The 66,000 completed foreclosures in Florida for the 12 months ending April 30, 2016, represent about a 40 percent decline year-over-year.
Completed foreclosures over 12 months declined in Michigan, Texas, Ohio, and California year-over-year, but not near as substantially as in Florida. Michigan dropped from 49,000 to 47,000; Texas declined from 33,000 to 27,000; Ohio dropped from 28,000 to 23,000; and California declined from 27,000 to 23,000.
READ MORE: http://www.dsnews.com/news/06-15-2016/nearly-half-of-foreclosures-wrapped-up-in-five-states
