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California foreclosures fall, reducing housing market's shadow inventory

By Biff Baxter   Follow   Sun, 14 Oct 2012, 8:33pm   316 views   2 comments
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http://www.mercurynews.com/real-estate/ci_21743558/california-foreclosures-fall-reducing-housing-markets-shadow-inventory?source=Patrick.net

In another positive sign for the housing market, the nation's so-called shadow inventory of properties in the foreclosure pipeline fell by more than 10 percent in July from the same period a year before, CoreLogic reported Tuesday. The tracking firm in Irvine, Calif., said the number of housing units in jeopardy of foreclosure -- or that lenders have repossessed but not yet listed for sale -- dropped to 2.3 million this July from 2.

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1. HEY YOU Follow Befriend (4) 334 threads 922 comments

   1   10:26pm Sun 14 Oct 2012   Share   Quote   Permalink   Like   Dislike   Does anyone know the true shadow inventory?

2. dodgerfanjohn Follow Befriend 19 threads 590 comments Los Angeles, CA

   2   10:36pm Sun 14 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   The banks/mortgage holders do. They know when people miss two or three consecutive payments. The fact that they are not releasing those numbers is the most telling fact that there is.