SNL: CoreLogic: Completed foreclosures in July drop 8.6% MOM | SNL

Completed U.S. foreclosures fell 8.6% to 49,000 in July from the revised June figure of 53,000, according to CoreLogic’s National Foreclosure Report released Aug. 29.

The figure tumbled 25% on a year-over-year basis from 65,000.

Before the 2007 housing market decline, completed foreclosures averaged 21,000 per month between 2000 and 2006. There have been about 4.5 million completed foreclosures nationwide since the financial crisis began in September 2008.

via SNL: CoreLogic: Completed foreclosures in July drop 8.6% MOM | SNL.

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