Maryland Homes Entering Foreclosure Fall 29 Percent

A recently released report from Corelogic shows that the number of Maryland homes entering foreclosure dropped 29 percent from last year. As reported in the Baltimore Business Journal:

Just 2.3 percent of all homes in Maryland are entering foreclosure, the report said. The number of completed foreclosures on homes is falling as well, dropping from 9,873 in September 2013 to 7,199 in September 2014, Corelogic found.

Nationally, 1.6 percent of homes on the market are foreclosed homes.

“Although the foreclosure inventory and rates of serious delinquent loans remain elevated in many states, progress is being made,” CoreLogic CEO Anand Nallathambi said in a statement. “This bodes well for a better housing market in 2015 and beyond.”

For more information read the full article in the Baltimore Business Journal.