Newly released data shows foreclosures holding steady in all 50 states. In February there were 65,000 foreclosures which is just under the 66,000 last February. Since the buyers appear to be out in full force this spring, the inventory could actually decline. About 3-4% of all homes with mortgages were in foreclosure in February amounting to roughly 1.4 million which is down from 1.5 million last February. The percentage of people 90+ days delinquent on their mortgage payment also declined in February 2012 to 7.3%, down from 7.8% last February.
CA, FL, MI, AZ and TX accounted for 49.4% of all foreclosures nationally. For more information click here.