There were 63,000 completed foreclosures in the U.S. in May 2012 versus 77,000 in May 2011, according to CoreLogic’s National Foreclosure Report released today.

As of May 2012, there were 1.4 million homes, or 3.4% of all homes with a mortgage, in the national foreclosure inventory. This is compared to 3.5% or 1.5 million homes in May 2011.

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