Orlando’s foreclosure inventory falls 3% in April

Orlando’s foreclosure inventory falls 3% in April

Orlando’s foreclosure inventory declined to 9.5 percent in April, down 3 percentage points when compared to the year-ago period.

The Orlando-Kissimmee-Sanford area also completed 11,180 foreclosures in the 12 months ending in April, according to the report (NYSE: CLGX).

Florida had the highest number of completed foreclosures at 102,000, as well as the highest foreclosure inventory as a percentage of all mortgaged homes at 9.5 percent.

Nationwide, there were 52,000 foreclosures completed in April 2013, a 16 percent decrease from 62,000 foreclosures during the same period last year.

The country’s foreclosure inventory was 2.8 percent, down 0.7 percentage points from one year ago.

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