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Nation’s Housing Recovery Far From Equal

    Home Foreclosure Law Nation’s Housing Recovery Far From Equal
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    Nation’s Housing Recovery Far From Equal

    By joncoats | Foreclosure Law, Loan Modification, Mortgages, Real Estate Law, Short Sale, Uncategorized | Comments are Closed | 11 November, 2013 | 0

    CHARLENE CROWELL | NNPA |

    “With the annual holiday season approaching, many across the country will soon be celebrating with families and loved ones. Many such gatherings will toast the season and its blessings.

    joncoats10But for families still troubled by delinquent mortgages and foreclosures, this time of year has another meaning. These consumers are wondering if they will have a home this holiday season. Although September 2013 marked the 23rd consecutive monthly drop in the nation’s foreclosures, approximately 902,000 homes remained in some state of foreclosure.

    Additionally, mortgage delinquencies, the omen of the likelihood of foreclosure, has troubled states and metro areas, according to new data released by CoreLogic, a leading residential property information, analytics and services provider.

    On the foreclosure front, 51,000 foreclosures were completed in September. Since the September 2008 onset of the housing crisis, 4.6 million foreclosures have occurred nationwide. By comparing September 2012 foreclosures to those of last month, the nation saw a 39 percent decline or 448,000 fewer lost homes.

    But if you live in Florida, California, Texas, Michigan or Georgia – you are a resident of one of the five states with the highest number of completed foreclosures during the past 12 months. In fact, these states accounted for almost half of all completed foreclosures nationally. Florida alone had 115,312 completed foreclosures.

    North Carolina (27,135), Arizona (24,269), Washington (20,547), Tennessee (19,710), Missouri (13,654) and Virginia (13,130) complete the list of the 10 highest states with completed foreclosures in this same time span.

    CoreLogic also analyzed foreclosures in metro areas. The five highest areas with completed foreclosures – again over the past 12 months – were Atlanta (24,309), Chicago (20,347), Tampa -St. Petersburg (15,754), Phoenix (14,821) and Orlando (12,062).

    Additionally, 63 percent of Georgia’s foreclosures were in the Atlanta-Sandy Springs-Marietta Metropolitan Statistical Area (MSA). Similarly, in Arizona, 62 percent of the state’s foreclosures were in the Phoenix-Mesa-Glendale MSA.

    Delinquencies, mortgages that are 90 days or more in arrears, show an even broader effect. The national average of seriously delinquent mortgages stands at 5.2 percent. Yet 14 states have delinquencies above that of the national average. The states with the highest percentages of delinquencies are: Florida (11.9 percent), New Jersey (10.6 percent), Nevada (8.1 percent), New York (7.9 percent) and Maryland (7.2 percent).”

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    CoreLogic also analyzed foreclosures, Defense of homeowners and real estate investors in foreclosure actions, delinquent mortgages and foreclosures, Florida alone had 115312 completed foreclosures, foreclosure cases, foreclosure court info pinellas, foreclosure law pinellas florida, jon coats law, joncoatslaw, mortgage help clearwater, mortgage help pinellas county florida, mortgage help pinellas park, mortgage help seminole, mortgage help st pete, mortgage settlement help pinellas, Nation’s Housing Recovery Far From Equal, On the foreclosure front, real estate attorney pinellas, real estate foreclosure defense, real estate lawyer pinellas, real estate legal help pinellas county florida, short sale attorney florida, short sale lawyer pinellas, Short sales help pinellas florida

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