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October 2, 2014

CoreLogic: CT foreclosure inventory fell in August

The percentage of mortgaged Connecticut homes in foreclosure fell in August, according to realty data tracker CoreLogic.

Connecticut’s so-called foreclosure inventory stands at 2.5 percent, down from 3.9 percent in Aug. 2013, CoreLogic said. The shrinking ratio is partly the result of a greater number of foreclosures being completed. Over the past 12 months, 5,365 Connecticut foreclosures have been completed, up from 3,861 during the prior-year period.

Connecticut’s foreclosure inventory percentage and serious delinquency rate of 5.7 percent are among the highest in New England.

The state’s inventory is the sixth-highest across the country, where 12-month foreclosure completion totals have been falling for nearly three years.

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