According to the report, there were 57,000 completed foreclosures in the US in September 2012, down from 83,000 in September 2011 and 59,000 in August 2012.
Prior to the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month between 2000 and 2006. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 3.9 million completed foreclosures across the country.
Approximately 1.4 million homes, or 3.3% of all homes with a mortgage, were in the national foreclosure inventory as of September 2012 compared to 1.5 million, or 3.5%, in September 2011. Month on month, the national foreclosure inventory was down 1.1% from August 2012 to September 2012.
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