Shadow Inventory in July Falls by 30% Year over Year
Lender Processing Services recently previewed its latest Mortgage Monitor, revealing that, at the end of July, more than 4.5 million mortgages were still distressed (some more distressed than others). This indicates a massive reduction in pre-sale foreclosure inventory, also known as “shadow inventory.” The pre-sale inventory between June and July was down 2.82% to a […]