Foreclosures are Trending Down!

Core Logic reported 34,000 foreclosures completed in July, nationally. This is down 29.1% from July a year ago, and down 6.8% from June, the month before. This is good news, but, there is a large ‘shadow’ inventory of bank owned properties just sitting empty. These need to be moved through the pipeline eventually and hopefully sooner rather than later. 

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