Shadow inventory rocked by foreclosure snafu

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It’s High Noon on Shadow Inventory as Banks Halt Foreclosures So Ally’s GMAC, Bank of America and J.P. Morgan Chase are halting foreclosures in 23 states. More importantly, Fannie Mae and Freddie Mac have stepped in to outline correct foreclosure processes and are demanding lenders adhere to them.

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Find the best foreclosure homes listings for sale – bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others – in and near the Berkeley County, SC area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Berkeley County, SC and much more.

There’s blight at the corner of Happiness Street and Rainbow Avenue in suburban West Palm Beach. Despite the sunny names in a neighborhood where residents also live on Faith and Pot o’ Gold, two homes sit vacant, burned out, boarded up and part of a growing shadow inventory of foreclosed homes in Florida.

Shadow inventory or the "pending supply" is calculated from the number of properties that are seriously delinquent, in foreclosure, or held as owned real estate (REO) by lenders but not currently.

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7 Ways to Buy Foreclosure Properties Foreclosure and shadow inventory rates have shown impressive strides in the past year: U.S. foreclosure inventory is down a whopping 35% nationally, and the value of shadow inventory has dropped by $70 billion, according to CoreLogic’s National Foreclosure Report for February, also featuring shadow inventory data as of January.

The rate was 7.89 percent a year earlier. delinquent homeowners are catching up on payments or finding alternatives to foreclosure as the economy improves. That’s helping to reduce shadow inventory -.

Shadow inventory rocked by foreclosure snafu. HUD gives out $2.5 million to improve home health conditions. mba: foreclosures fall, but Delinquencies Rise in Q210.

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