Foreclosures Down to 53,000 in September

IRVINE, CA-The total number of home foreclosures nationwide continues to decline as the housing market moves through its recovery phase. According to a national foreclosure report from CoreLogic, a provider of information, analytics and business services here, 57,000 completed foreclosures were reported in the US in September, down from 83,000 in September 2011 and 59,000 in August 2012.

Mark Fleming, chief economist for CoreLogic, added that even though there is significant progress to be made before returning to pre-crisis levels, “the trend is in the right direction as short sales, up 27% year-over-year in August, continue to gain popularity.”