Completed U.S. foreclosures edge up in May: report

NEW YORK Fri Jun 29, 2012 9:12am EDT

An empty mail box is seen at the front door of a foreclosed house in Miami Gardens, Florida in this September 15, 2009 file photo. REUTERS/Carlos Barria/Files

An empty mail box is seen at the front door of a foreclosed house in Miami Gardens, Florida in this September 15, 2009 file photo.

Credit: Reuters/Carlos Barria/Files

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NEW YORK (Reuters) - More U.S. home foreclosures were completed in May than in April, though there were fewer done than a year ago, data analysis firm CoreLogic CLGX.O said on Friday.

There were 63,000 foreclosures completed last month, up from 62,000 in April but down from 77,000 in May 2011.

The number of homes in some stage of the foreclosure process was unchanged from April at about 1.4 million, or 3.4 percent of all homes with a mortgage.

Still, that was an improvement from May 2011, when 1.5 million properties, or 3.5 percent of homes, where in the foreclosure inventory.

Since the financial crisis began in late 2008, about 3.6 million foreclosures have been completed, CoreLogic said.

The five states with the most foreclosures in the last 12 months were California, Florida, Michigan, Texas and Georgia. Those states made up nearly 50 percent of all foreclosures in the country.

(Reporting By Leah Schnurr; editing by John Wallace)

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