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Foreclosures Ticked up in September, Downward Trend Holds

Completed foreclosures rose slightly in
September CoreLogic said today, but the long-term trend continues to be a
relatively precipitous drop from the record high numbers of the last six
years.  The company’s September National
Foreclosure Report notes a 4.7 percent increase in the number of homes lost to foreclosure
during the month relative to the August number, 46,000 units compared to
44,000.  The September total however represents
a year-over-year drop of 32.6 percent from 68,000 foreclosures the previous September
2013 and is 61 percent below the number at the peak of activity in 2010.

 

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