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Foreclosure Inventory Finally Breaks 10-Year Low

(Mortgage News Daily) - 1 years, 3 months ago
 Posted To: MND NewsWireIt is hard to believe that it has taken more than a decade , but Black Knight Financial Services says the foreclosure inventory, after a 12,000-property decline in July, has finally fallen below 400,000. The last time the number of homes in some process of foreclosure was lower was in February 2007. The July decrease is part of a 150,000-home reduction in the inventory in the last 12 months, a -28 percent change . Other measures of housing distress continue to fall as well...
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