Pennsylvania trails national rate for foreclosure inventory
Pennsylvania accounted for 2.3 percent of completed U.S. foreclosures last year.
The commonwealth was No. 5 among judicial states, or states where foreclosures are processed through the courts, with 14,356 completed foreclosures over the last 12 months, ending in December, according to California-based CoreLogic.
Pennsylvania was No. 13 out of all states. Florida was No. 1 with 118,906.
Across the country, there were 620,111 completed foreclosures in 2013 compared to 820,498 in 2012, according to CoreLogic. That was a drop of 24 percent.
The current foreclosure inventory in Pennsylvania, or percentage of all mortgaged homes in foreclosure, is 2.5 percent. That is down from 2.9 percent a year earlier.
The national inventory is at 2.1 percent, which is down from 2.9 percent a year ago.
There were about 837,000 homes in the U.S. in some stage of foreclosure in December. That is down from 1.2 million in December 2012, according to CoreLogic.
Florida has the highest inventory at 6.7 percent, while Wyoming has the lowest at 0.4 percent.