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CT foreclosure inventory declined 39 percent last year

As the number of completed foreclosures climbed, the state’s inventory of mortgaged homes in foreclosure fell to 2.2 percent in 2014, according to CoreLogic.

That was down from 3.6 percent in Dec. 2013.

The national average in December was 1.4 percent, down from 2.1 percent a year ago.

Connecticut ended 2014 with the fifth-highest foreclosure inventory rate among the 25 so-called “judicial states,” where lenders must prove the delinquency to courts to move a borrower into foreclosure.

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Over the past year, 5,719 foreclosures were completed in the state. That was up from 4,509 in the year-ago period — representing a nearly 27 percent increase.

Image credit: freedigitalphotos.net

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