There were 60,000 completed foreclosures in the United States in June, compared to 80,000 in June 2011, according to a monthly report from CoreLogic.

About 1.4 million homes, or 3.4 percent of all homes with a mortgage, were in the national foreclosure inventory as of June 2012 compared to 1.5 million, or 3.5 percent, in June 2011, the firm said. Month-over-month, the national foreclosure inventory was unchanged from May 2012 to June 2012.

According to CoreLogic, foreclosure inventory equaled 1.9 percent of all homes with a mortgage in Massachusetts last month, a 0.1 percent decrease from a year ago.

The five states with the highest number of completed foreclosures for the 12 months ending in June were: California (125,000), Florida (91,000), Michigan (58,000), Texas (56,000) and Georgia (55,000). Those states account for 48.4 percent of all completed foreclosures nationally.

Report: Foreclosures Down Nationwide In June

by Banker & Tradesman time to read: <1 min
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