patrick.net

http://www.mercurynews.com/real-estate/ci_21743558/california-foreclosures-fall-reducing-housing-markets-shadow-inventory?source=Patrick.net

In another positive sign for the housing market, the nation's so-called shadow inventory of properties in the foreclosure pipeline fell by more than 10 percent in July from the same period a year before, CoreLogic reported Tuesday. The tracking firm in Irvine, Calif., said the number of housing units in jeopardy of foreclosure -- or that lenders have repossessed but not yet listed for sale -- dropped to 2.3 million this July from 2.

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