Saturday, August 31, 2013

Distressed Inventory Fading Fast

Distressed Inventory Fading Fast
As Housing Market Strengthens: Foreclosure inventories nationwide fell 32 percent in July compared to a year ago, another sign that the foreclosure crisis may finally be over, 

“Completed foreclosures and delinquency rates continue their rapid descent in July,”

“Every state posted a year-over-year decline in foreclosures, and serious delinquencies fell to the lowest level since December 2008.

Not surprisingly, non-judicial states have come the farthest the fastest in reducing the shadow inventory and lowering delinquency rates.”

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