The number of completed foreclosures nationwide fell by nearly a quarter in 2011 compared to 2010, according to a new report from data and analytics company CoreLogic. CoreLogic's National Foreclosure Report provides monthly nationwide statistics on completed foreclosures, foreclosure inventory and rates of seriously delinquent mortgages with payments overdue by 90 days or more.The company covers about 85 percent of U.S. foreclosure data. A foreclosure is completed when a property in the foreclosure process is purchased at auction by either a third party, such as an investor, or by the lender, according to CoreLogic. Completed foreclosures fell 24.5 percent to 830,000 in 2011 from 1.1 million in 2010, the report said. In December, completed foreclosures were down 17.9 percent year over year and down 3.5 percent month to month, to 55,000. Since the beginning of the financial downturn in September 2008, there have been about 3.2 million foreclosures, CoreLogic said. Delinquency rat...
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