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Tag Archives: inventory

Freddie Expands REO Winter Sale to More States

Six more states–now bringing the total to 33–will participate in a winter sales promotion as Freddie Mac’s HomeSteps looks to unload its high REO inventory. The six...

Is the Cure for Foreclosure Glut a Bulldozer?

Bank of America Corp. is taking an unusual step in chipping away at its high inventory of repossessed homes by demolishing some of the most run-down homes in its inventory. Bank of...

Shadow Inventory Falls 18% from Peak

CoreLogic reports that the U.S. shadow inventory of homes has fallen 18 percent from its peak; as of April, about 1.7 million homes were in the foreclosure process and headed toward...