Foreclosure Inventory Drops Significantly

Mortgage & Real Estate

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Foreclosure inventory fell 26.4% in the month of October compared to the same period last year, according to a report released last week by CoreLogic.

The property information and data analytics firm recorded approximately 41,000 foreclosures in the month, down from 55,000 during October 2013. Month-over-month figures are even more striking, as September 2014 saw a revised 62,000 foreclosures.

According to CoreLogic, the decline represents the 25th consecutive month that foreclosures have dropped by double-digit percentages.

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