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38 5 STATES ACCOUNT FOR 44 PERCENT OF 12-MONTH FORECLOSURE SUM IN SEPTEMBER Just as they did in August, the same five states accounted for nearly half of all completed foreclosures in the U.S. for the previous 12-month period, according to CoreLogic's recently released September National Foreclosure Report. Florida (120,000), Texas (36,000), California (31,000), Michigan (29,000), and Georgia (27,000) combined for a total of 243,000 completed foreclosures nationwide for the 12-month period ending on September 30. at number accounted for 44 percent of the 553,000 foreclosures completed in that same 12-month time span, according to CoreLogic. Florida is the only one of those five states that is judicial, meaning the foreclosure process has to pass through the courts to be complete. In August, those same five states combined to account for 45 percent of all completed foreclosures in the previous 12 months in the U.S., according to CoreLogic. ose five combined for 260,000 of the 576,000 foreclosures that were completed for the 12-month period ending on August 31. Michigan had the second-highest 12-month sum of foreclosures in August with 43,000, a number that fell to 29,000 in September and dropped Michigan to fourth-highest on the list of 12-month foreclosure sum for the period that ended in September. Also, the same as in August, the Tampa-St. Petersburg-Clearwater, Florida, core-based statistical area (CBSA) led the nation in 12-month sum of foreclosures for the period ending on September 30, with 18,752—down slightly from 19,153 in August. e Tampa CBSA also had the highest percentage of foreclosure inventory for September at 5.4 percent and the highest serious delinquency rate (mortgage loans 90 days or more overdue or in foreclosure) in the nation at 9.7 percent, according to CoreLogic. In September, the 12-month sum of completed foreclosures fell to its lowest level since December 2007. September also marked 33 consecutive months of decline for the 12-month sum of foreclosures, according to CoreLogic. Resolve's multiple borrower contact strategies have been developed and proven over the last 30 years and lead the industry in effective right party contact. Our skilled team re-establishes open communication so that mutually acceptable options can be discussed and successfully implemented. Resolve Solution Services Corporation: Minority Owned Small Business SAS 70 Type II Certified Fully licensed Debt Collector nationwide FDCPA Certified and compliant Decades of success in mortgage loan servicing Resolve's loss mitigation efforts lead the industry: » Re-establishing Borrower Communication » Live phone transfers to your staff » Multi-tier Skip Tracing » Door Knock Services » Loan Modification Document Completion » Short Sale Facilitation » Deed-in-lieu Programs » Cash-for-keys Programs » Pre-foreclosure Auctions » Charge Off Collection » Borrower Informational Interviews » Completing Borrower Budget Forms » Occupancy Verifications Your borrowers will call us back. Resolving homeownership issues begin with borrower contact and communication. Resolve leads the industry in both borrower outreach and borrower contact success. mnewell@resolvessc.com || 214.334.2268 Your Borrower Outreach and Customer Contact Specialists