Florida Foreclosure Inventory Skyrockets
Although foreclosure inventory across the U.S. is declining, that’s not the case in Florida, according to data produced by CoreLogic, Business Insider reports.
1.3 millions or 3.2 percent of all homes with a mortgage were in foreclosure in August 2012, compared with 1.4 million, or 3.4 percent a year ago.
But foreclosure inventory in Florida skyrocketed. The state posted an 11 percent increase in foreclosure inventory in August, and completed 92,000 foreclosures in the 12-months ending August.