- Palm Coast and Flagler County Area
- Golf Courses
- Palm Coast History
- City of Palm Coast Parks and Facili
- Flagler County
- County Parks, Flagler County, Flori
PALM COAST, FL – December 9, 2015 – Florida continues to outpace rival states in the reduction of foreclosure inventory. Florida’s foreclosure inventory through October dropped 40.5% from one year ago. Idaho ranked second with a 27.6% drop. This, according to CoreLogic’s October National Foreclosure Report. Flagler County mirrors the state trend (see below).
Florida and Hawaii are tied for third place when measuring foreclosure inventory. In both states, the percentage of homes in foreclosure as a percentage of mortgaged homes is 2.5%. New Jersey leads all states with 4.5% and New York is in second with 3.6%. Washington DC ranks fifth at 2.3%. DC is the only non-judicial foreclosure jurisdiction to make the top five list.
Florida led the list of states in the number of completed foreclosures. A completed foreclosure is the final step in the foreclosure process where the home is auctioned. At that point, either the bank takes the property into its Real Estate Owned (REO) inventory or a successful third party bidder takes title.
Florida had 86,000 completed foreclosures during the past 12 months. Michigan was second with 59,000, followed by Texas (30,000), Georgia (25,000) and California (24,000). Together, the top five states account for nearly half of all completed foreclosures.
Flagler County had 511 foreclosure completions during the same 12-months (through October). Flagler’s lowest level was 15 completions in October.
November is likewise encouraging here at home:
Be sure to listen to me and co-host David Alfin on our weekly half-hour radio show, Real Estate Matters, every Sunday morning at 9:00 on WNZF News Radio. David and I discuss a wide range of real estate topics. Listen on 1550 AM or 106.3 FM or streaming live at http://player.listenlive.co/36561. Past shows can be found at http://www.flaglerbroadcasting.com/wnzf/#archives.