Definition: Percent of all mortgages in the foreclosure inventory in the reference month.  Mortgages in the foreclosure inventory include those in foreclosure and bankruptcy foreclosures prior to auction or trustee sale.

Notes: Loan and foreclosure counts are restricted to first-lien mortgages only.

Source: Analysis of LPS Applied Analytics data by Local Support Initiatives Corporation (LISC) and obtained from Foreclosure-Response.org.