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.