Completed foreclosures edge up in June

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There were 55,000 completed foreclosures in the U.S. in June, down 20 percent from 68,000 a year ago, but up 2.5 percent from 53,000 in May, according to data aggregator CoreLogic.

Meanwhile, about 1 million homes in the U.S. were in some stage of foreclosure in June, known as the foreclosure inventory, CoreLogic reported. That’s down 28 percent year over year and 2.9 percent month over month, CoreLogic said.

“So far this year, distressed inventories have fallen dramatically, down 14.4 percent, and serious delinquencies are down 15.9 percent,” said Mark Fleming, chief economist at CoreLogic. “In the first six months of 2013, the stock of seriously delinquent mortgages has dropped by 412,000.” Source: CoreLogic