RealtorMag
Borrowers behind on their mortgage payments are twice as likely to list their properties for sale compared to borrowers who are current on their payments, according to new data from Black Knight Financial Services.
But with fewer people behind on their mortgage, inventories across the country are tightening. The non-current inventory of properties is down 500,000 from a year earlier (and down from 3 million in March 2012). As such, the number of non-current mortgaged properties listed for sale has dropped from 7.7 percent in 2012 to 3.4 percent today.
