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Fewer Foreclosed Properties For Sale

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(Photo by Ethan Miller/Getty Images)

(Photo by Ethan Miller/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Las Vegas, NV) — Although Nevada is still one of the top five states where foreclosures are a relatively high percent of all mortgaged houses, the nation’s inventory of homes in foreclosure is down.

Real estate information company CoreLogic’s April Foreclosure Report shows 1.1 million home across the country in some part of the foreclosure process last month – compared with 1.5 million in April of 2012. That represents a 24% drop.

The monthly numbers are also down, dropping 2% from March to April of this year.

CoreLogic’s chief economist Dr.Mark Fleming says, “The shadow of foreclosure and distress continues to fade, with completed foreclosures having declined for 17 straight months.”

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