[:en]Foreclosure Inventory Down 37% over Last Year![:es]¡El inventario de ejecuciones hipotecarias bajo un 37% respecto al año pasado![:]

[:en] 

According to the latest CoreLogic National Foreclosure Report, “approximately 660,000 homes in the US were in some state of foreclosure as of May 2014”. This figure is down 37% from the 1 million homes in May of 2013. May marked the 31st consecutive month in which there were year-over-year declines.

Mark Fleming chief economist for CoreLogic revealed:

“Significant gains have been made in the last year to reduce the foreclosure stock. Yet, these improvements are occurring disproportionately in non-judicial states. The foreclosure inventory in judicial states is averaging 2.1% which is more than twice the 0.9% average that is occurring in non-judicial states.”

The foreclosure process in the twenty-two judicial states can take, on average, anywhere from 180-400 days according to the Mortgage Bankers Association. The lack of initial court intervention in non-judicial states, often means that the process of foreclosure takes significantly less time.

Therefore, judicial states as a whole, have taken longer to catch up to the rest of the country in liquidating foreclosure inventory.

All five states with the highest foreclosure inventory as a percentage of mortgaged homes are judicial states.

Foreclosures Down 37% from Last Year! | Keeping Current Matters

On the list of the five lowest inventory states, only North Dakota uses a judicial process.

Foreclosures Down 37% from Last Year! | Keeping Current Matters

Bottom Line

Even though some states have not recovered completely from the foreclosure crisis, the nation as a whole is on the right track as inventory decreases.[:es]Foreclosures Down 37% From Last Year | Keeping Current Matters

De acuerdo con el último Informe Nacional de Ejecuciones Hipotecarias de CoreLogic, “Aproximadamente 660,000 casas en los Estados unidos estaban en algún estado de ejecución hipotecaria hasta mayo 2014”. Esta cifra está un 37% por debajo del millón de casas en mayo de 2013. Mayo marco el mes 31 consecutivo en el que hubo descenso año tras año.

Mark Felming Chief Economista para CoreLogic revelo:

“Una ganancia significativa se ha efectuado en el último año para reducir la acción de ejecución hipotecaria. Sin embargo, estas mejoras están ocurriendo desproporcionadamente en estados no-judiciales. El promedio del inventario de ejecuciones hipotecarias en estados judiciales del 2.1%, es más del doble del promedio de 0.9% que está ocurriendo en estados no-judiciales.”

El proceso de ejecución hipotecaria en veintidós estados judiciales puede tomar, en promedio, entre 180-400 días según la Asociación de Banqueros Hipotecarios. La falta de intervención de la corte al comienzo en los estados no-judiciales, a menudo significa que el proceso de la ejecución hipotecaria tomara significativamente menos tiempo.

Por lo tanto, los estados judiciales en general, han tomado más tiempo para alcanzar al resto del país en la liquidación del inventario de ejecuciones hipotecarias.

Todos los cinco estados con alto inventario de ejecuciones hipotecarias como porcentaje de casas hipotecadas son estados judiciales.

Slide2

De la lista de los cinco estados con bajo inventario, solo Dakota usa un proceso judicial.

Slide1

En conclusión

Aunque algunos estados no se han recuperado totalmente de la crisis hipotecaria, la nación en conjunto está en el camino correcto a medida que el inventario disminuye.[:]

[:en]Foreclosure Inventory Down 37% over Last Year![:es]¡El inventario de ejecuciones hipotecarias bajo un 37% respecto al año pasado![:]



[:en]  According to the latest CoreLogic National Foreclosure Report, “approximately 660,000 homes in the US were in some state of foreclosure as of May 2014”. This figure is down 37% from the 1 million homes in May of 2013. May marked the 31st consecutive month in which there were year-over-year declines. Mark Fleming chief economist ...

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[:en]Foreclosure Inventory Down 37% over Last Year![:es]¡El inventario de ejecuciones hipotecarias bajo un 37% respecto al año pasado![:]



[:en] 

According to the latest CoreLogic National Foreclosure Report, “approximately 660,000 homes in the US were in some state of foreclosure as of May 2014”. This figure is down 37% from the 1 million homes in May of 2013. May marked the 31st consecutive month in which there were year-over-year declines.

Mark Fleming chief economist for CoreLogic revealed:

“Significant gains have been made in the last year to reduce the foreclosure stock. Yet, these improvements are occurring disproportionately in non-judicial states. The foreclosure inventory in judicial states is averaging 2.1% which is more than twice the 0.9% average that is occurring in non-judicial states.”

The foreclosure process in the twenty-two judicial states can take, on average, anywhere from 180-400 days according to the Mortgage Bankers Association. The lack of initial court intervention in non-judicial states, often means that the process of foreclosure takes significantly less time.

Therefore, judicial states as a whole, have taken longer to catch up to the rest of the country in liquidating foreclosure inventory.

All five states with the highest foreclosure inventory as a percentage of mortgaged homes are judicial states.

Foreclosures Down 37% from Last Year! | Keeping Current Matters

On the list of the five lowest inventory states, only North Dakota uses a judicial process.

Foreclosures Down 37% from Last Year! | Keeping Current Matters

Bottom Line

Even though some states have not recovered completely from the foreclosure crisis, the nation as a whole is on the right track as inventory decreases.[:es]Foreclosures Down 37% From Last Year | Keeping Current Matters

De acuerdo con el último Informe Nacional de Ejecuciones Hipotecarias de CoreLogic, “Aproximadamente 660,000 casas en los Estados unidos estaban en algún estado de ejecución hipotecaria hasta mayo 2014”. Esta cifra está un 37% por debajo del millón de casas en mayo de 2013. Mayo marco el mes 31 consecutivo en el que hubo descenso año tras año.

Mark Felming Chief Economista para CoreLogic revelo:

“Una ganancia significativa se ha efectuado en el último año para reducir la acción de ejecución hipotecaria. Sin embargo, estas mejoras están ocurriendo desproporcionadamente en estados no-judiciales. El promedio del inventario de ejecuciones hipotecarias en estados judiciales del 2.1%, es más del doble del promedio de 0.9% que está ocurriendo en estados no-judiciales.”

El proceso de ejecución hipotecaria en veintidós estados judiciales puede tomar, en promedio, entre 180-400 días según la Asociación de Banqueros Hipotecarios. La falta de intervención de la corte al comienzo en los estados no-judiciales, a menudo significa que el proceso de la ejecución hipotecaria tomara significativamente menos tiempo.

Por lo tanto, los estados judiciales en general, han tomado más tiempo para alcanzar al resto del país en la liquidación del inventario de ejecuciones hipotecarias.

Todos los cinco estados con alto inventario de ejecuciones hipotecarias como porcentaje de casas hipotecadas son estados judiciales.

Slide2

De la lista de los cinco estados con bajo inventario, solo Dakota usa un proceso judicial.

Slide1

En conclusión

Aunque algunos estados no se han recuperado totalmente de la crisis hipotecaria, la nación en conjunto está en el camino correcto a medida que el inventario disminuye.[:]

[:en]Foreclosure Inventory Down 37% over Last Year![:es]¡El inventario de ejecuciones hipotecarias bajo un 37% respecto al año pasado![:]



[:en]  According to the latest CoreLogic National Foreclosure Report, “approximately 660,000 homes in the US were in some state of foreclosure as of May 2014”. This figure is down 37% from the 1 million homes in May of 2013. May marked the 31st consecutive month in which there were year-over-year declines. Mark Fleming chief economist ...

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