“Prices are at rock bottom and people are jumping on it. Realtors are worried about the so-called “shadow inventory” of homes slowly working through the foreclosure process. Banks and the.
It’s High Noon on Shadow Inventory as Banks Halt Foreclosures So Ally’s GMAC, Bank of America and J.P. Morgan Chase are halting foreclosures in 23 states. More importantly, Fannie Mae and Freddie Mac have stepped in to outline correct foreclosure processes and are demanding lenders adhere to them.
Foreclosure inventory dropped in August, while shadow inventory fell to the lowest level since August 2008. There were 48,000 completed foreclosures, the number of homes actually lost to.
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Foreclosure and shadow inventory rates have shown impressive strides in the past year: U.S. foreclosure inventory is down a whopping 35% nationally, and the value of shadow inventory has dropped by $70 billion, according to CoreLogic’s National Foreclosure Report for February, also featuring shadow inventory data as of January.
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The so-called shadow inventory is down 28 percent from its January 2010 peak, according to a new report from CoreLogic, a residential property information firm. The number of homes owned by mortgage.
Shadow inventory rocked by foreclosure snafu. HUD gives out $2.5 million to improve home health conditions. MBA: Foreclosures Fall, but Delinquencies Rise in Q210.
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Falling Affordability The plunge in home prices a few years ago, coupled with rock-bottom mortgage. 1.9 million homes in the nation’s "shadow inventory." These are homes that are either in.