Shadow inventory rocked by foreclosure snafu

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Luxury homes in Las Vegas have held their value in a declining housing market in which one in every 44 homes has entered some stage of foreclosure. He rattled off two $17 million sales last year in.

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Mortgage Masters Group Pensacola Florida News: Mortgage rates drop – 30-year a Shadow inventory rocked by foreclosure snafu Foreclosure Shadow Inventory Continues to Decline – The decline occurred in both the visible and shadow inventories. The shadow inventory accounts for 29 percent of the combined shadow and visible inventories.

“These numbers are at rock-bottom by historical. 1.2 million homes will be foreclosed upon this year, according to foreclosure tracker RealtyTrac Inc., and an additional 1.7 million homes represent.

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the lack of “shadow inventory” from foreclosures. This will eventually help the purchase market also. We know that in some areas – such as south Orange County – the distressed supply of listed homes.

CoreLogic defines shadow inventory as properties seriously delinquent by 90 days or more, in the foreclosure process, and those that have finished the foreclosure process and become REO (real estate owned) but have not yet been listed for sale. The dollar volume of shadow inventory fell about 9 percent in April, to $246 billion – a three-year.