follow us:Google+FacebookLinkedInTwitterVimeoRSS Feeds

advertisement

Report: Pa. foreclosure inventory higher than national rate

By

Back to Top Comments Email Print

Pennsylvania has averaged nearly 1,250 completed foreclosures per month over the last year.

The commonwealth was No. 5 among judicial states, or states where foreclosures are processed through the courts, and No. 13 out of all states, according to California-based CoreLogic.

Pennsylvania had about 15,000 completed foreclosures over the year ending in February. That number represented about 2.5 percent of all completed foreclosures, according to CoreLogic.

Florida continues to lead the way. It had 117,564 over the 12-month period. Michigan was No. 2 with 49,803.

As of February, there were about 752,000 U.S. homes, or 1.9 percent, in some stage of foreclosure, known as the foreclosure inventory. That was down from 1.2 million, or 2.9 percent, in February 2013.

In Pennsylvania, the percentage was 2.3 percent. That was down from 2.8 percent a year earlier, according to CoreLogic.

The seriously delinquent properties — those with mortgages 90 days or more past due — account for 4.9 percent of U.S. properties. In Pennsylvania, that rate was 5.6 percent in February.

New Jersey is now the leader for highest foreclosure inventory at 6.2 percent. Florida is No. 2 at 6 percent, according to CoreLogic. Wyoming has the lowest at 0.3 percent.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy
advertisement
  
  
advertisement
  
  
advertisement
Back to Top