Texas 1 of 5 states with most foreclosures in past year via Dallas Business Journal

The Lone Star state processed 58,000 foreclosures for the past 12 months ending in May, behind other top ranking states of California, Florida and Michigan, according to data released Friday from California-based CoreLogic (NYSE: CLGX)

“There were more than 819,000 completed foreclosures over the past year, or an average of 2,440 completed foreclosures every day over the last 12 months,” said Mark Fleming, chief economist for CoreLogic, in a written statement. “Although the level of completed foreclosures remains high, it is down 27 percent from a peak of 1.1 million in all of 2010.”

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