A financial and consumer information company that tracks national trends has reported some encouraging news for homeowners in Florida and across the country. The level of home foreclosure inventory as well as the number of completed foreclosures has significantly decreased over the past year. The company includes all homes at some point in the foreclosure process in its definition of foreclosure inventory. Homes lost to foreclosure make up the number of completed foreclosures.
In addition, the company reports that there has been a decrease in mortgages in serious delinquency. A seriously delinquent mortgage is one that is 90 days or more past due, a loan in foreclosure or a real estate owned loan. This decrease was widespread throughout the country as the report shows declines in delinquencies in 48 states and the District of Columbia.