Skip to main content
  1. News
  2. Business & Finance
  3. Industry

PA foreclosure inventory higher than national average

See also

Foreclosure inventory is defined as the number of homes in some stage of the foreclosure process. Pennsylvania has 2.4% of its homes in various stages of foreclosure, meaning that their foreclosure inventory is higher than the national average of 2.1%. However, this is down from the state's 2012 average of 2.9%.

PA, with over 14,000 completed foreclosure for the year, has the nation's fifth highest number for judicial foreclosures; meaning they must go through the state's legal process before being seized.

The five states that rank highest in completed foreclosures: Florida (115,000), Michigan (54,000), California (42,000), Texas (40,000) and Georgia (36,000) are non-judicial foreclosure states.

Nationally there is about 812,000 homes in foreclosure. Over 5%, or about 2 million homes are in what is considered serious delinquency, defined as more than 90 days past due. Pennsylvania has about 5.5% of it homes listed in the same condition.

Advertisement

News

  • Pro-Russians killed
    Putin issues a warning after 3 armed protestors were shot dead in Ukraine
    Video
    Watch Video
  • Korean ferry capsizes
    Only one of 46 life boats were used in the South Korean ferry sinking
    World News
  • Oscar Pistorius trial
    Oscar Pistorius reads a Valentines Day card from his deceased girlfriend without tears
    Crime News
  • Google patent
    Google applies for patent for what could be the successor to Google Glass
    Tech News
  • 420 in Colorado
    Colorado will celebrate 420 for the first time since marijuana became legal
    Headlines
  • Racist Kansas murderer
    Why isn't the Jewish Community Center shooter being labeled as a terrorist?
    Video
    Watch Video

Related Videos:

  • New job training programs highlighted by President at a PA community college
    <div class="video-info" data-id="518105950" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518105950&autoStart=true"></div>
  • Fleets burning clean
    <iframe width="600" height="337" src="//www.youtube.com/embed/GGftRg1lklk?VQ=HD720&amp;autoplay=1"></iframe>
  • New networking events scheduled for Lehigh Valley business professionals
    <div class="video-info" data-id="517157231" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=517157231&autoStart=true"></div>

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!