Foreclosure Inventory Falls 19.5% in 2012





The national foreclosure inventory fell 19.5% in 2012.  This is in part to the banks being more receptive to short sales and streamlining the process so that it takes less time to execute a short sale.  Banks for the most part have staffed their short sale departments since they’ve learned a short sale is better for all involved than a foreclosure.

California lead the way in 2012 with 100,000 completed foreclosures.  But still the decline is good news for the housing market and will help achieve real estate market stabilization when dealing with home values.






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