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Bud Zeller's Blog

By Bud Zeller | Broker in Placerville, CA

Foreclosure Inventories Continue to Fall

The inventory of foreclosed homes posted big drops in the final months of 2012, Lender Processing Services reported Monday. U.S. homes in the foreclosure inventory dropped 3.51 percent in November — following a 2.84 percent decrease in October, and a 10 percent decline in September. 

LPS says the National Mortgage Settlement may have been a big factor in the drop and could be delaying the pace of foreclosures. Foreclosure starts could “rebound as mortgage servicers incorporate new procedural requirements into their operations,” according to LPS. 

More information at source: “National Foreclosure Inventory Drops: LPS,” HousingWire (Jan. 14, 2013)

Comments

By Voices Member,  Thu Jan 24 2013, 08:37
What about the "Shadow Inventory" we've been hearing about for years..are those going to be loan mods. for the most part?

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