As distressed property issues fade and sales increase, consumers need more mortgage options
By Ray Brousseau | Inman
Since the housing crisis began, distressed properties — foreclosures, short sales and bank-owned real estate — have dominated much of the conversation around real estate and real estate finance. The latest data, however, seems to indicate those days might be over.
According to CoreLogic, this past April’s foreclosure inventory rate was at its lowest point since September 2007, and the number of mortgages in serious delinquency, after declining 21.6 percent from April 2015 to this past April was at its lowest point since October 2007.
