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According to CoreLogic there is a 1.2% drop of all mortgaged homes in foreclosure inventory from August of this year to that of 2014. The numbers are 470,000 down from 629,000 which equated to 1.6% of all mortgaged properties. Year over year the number of foreclosures sunk 22% from 46,000 to 36,000. For the number of mortgages in serious delinquency there was a decline of 3.5% from last year. This is the lowest figure since January 2008.
Overall foreclosure inventory fell 25.2 %, and completed foreclosures dropped 20.1% which is good except there are unreported bank held properties.


For all your Residential and Commercial Real Estate Appraisal needs please contact:
James M. Hanson Associates, Inc.
Phone: (609) 884-9185
Email: Info@AppraiseNewJersey.com