Foreclosure Activity in California and the Nation Slow

DSNews’ article on foreclosure activity pointed out some quality information about distressed properties; here’s a few of the main points: Foreclosure activity in both California and the nation has slowed considerably, according to RealtyTrac in an article by DSNews.com. Foreclosure starts have especially slowed, hitting a 79-month low. Foreclosure filings cover default notices, scheduled auctions, …

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CoreLogic: Shadow Inventory Shrinks 12% from Year Ago in October

“As of October 2012, 2.3 million housing units still remain in shadow inventory, CoreLogic reported Wednesday. The total translates into a supply of 7 months and sits 12.3 percent lower than the 2.6 million units in October 2011, according to the data provider. From September 2012, shadow inventory shrunk by about 1 percent. In dollar …

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California’s Foreclosure Inventory Continues to Dry Up

“Foreclosure inventory in California continued its steady decline in November, according to data from ForeclosureRadar. The total number of preforeclosures, foreclosures scheduled for sale, and REOs fell 7.6 percent from October to November and declined by 31.8 percent from a year ago. ForeclosureRadar said, “the significant decline in foreclosure inventory over the past year has …

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Foreclosures experience a drop

“Foreclosure home sales dropped significantly in the third quarter of 2012 (3Q 2012). The number of real estate owned property (REO) resales experienced an equally dramatic drop from the first quarter. Notice of default (NOD) filings decreased as well. REO resales are down 23,000 REO resales took place in the 3Q 2012.  That is: one-fifth …

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