Staggering annual drop for Florida foreclosures, CoreLogic reports

  • The national foreclosure rate in July was the lowest since August 2007.
  • Florida, a judicial foreclosure state, had the highest number of completed foreclosures in July, at almost 57,000 statewide.
  • In the Miami metro, 2.3 percent of all mortgaged homes faced some stage of foreclosure.

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After years of consistent improvements, the national foreclosure rate is at its lowest level in nine years, according to CoreLogic’s July 2016 National Foreclosure Report.