Utah, Arizona, Nebraska and Minnesota experiencing declines greater than 50 percent
Foreclosure inventory. Thirty-eight states showed declines in year-over-year foreclosure inventory of greater than 30 percent. Foreclosure inventory overall registered its 31st month of consecutive year-over-year declines. The report stressed that the battle to return to normal levels of foreclosure inventory is far from over and that there is still much more hard work to do to clear the backlog of foreclosed properties. The Ability to Pay Rule took effect in January of 2014, read more
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