Foreclosure inventory across the U.S. is declining according to CoreLogic's latest foreclosure report.
1.3 millions or 3.2 percent of all homes with a mortgage were in foreclosure in August 2012, compared with 1.4 million, or 3.4 percent a year ago.
But foreclosure inventory in Florida skyrocketed. The state posted an 11 percent increase in foreclosure inventory in August, and completed 92,000 foreclosures in the 12-months ending August.
In judicial states like Florida, there are concerns that shadow inventory could continue to grow as it takes a long time for foreclosures to be approved.
This chart from CoreLogic shows the spike in Florida's foreclosure inventory:
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