Good foreclosure news from CoreLogic
04 May 2012
Posted by Andrew Kantor, Editor & Blogmaster []
In its March National Foreclosure Report, CoreLogic found that foreclosures dropped 18.8% from March 2011. Even better, foreclosures in the first quarter were down 14.7% from the first quarter of 2011.
“Compared to a year ago, the number of completed foreclosures has slowed,” said Anand Nallathambi, chief executive officer of CoreLogic. “Since the foreclosure inventory is also coming down, this suggests that loan modifications, short sales, deeds-in-lieu are increasingly being used as an alternative to foreclosures to clear distressed assets in our communities.”
One Response
Housetrade
04|May|2012 1That is interesting about foreclosure figures being down and clearly demonstrates that action has been taken by lenders to prevent foreclosures. It would be interesting to see anticipated stats on short sales figures and if these have increased during this period as it is widely aknowledged that they have been the reason foreclosures are on the decline.
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