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Foreclosure shadow inventory will take more than 40 months to clear: Fitch

REO inventory declined at an accelerated pace in 2012 as investor activity intensified, but the impact of the reduction has been uneven across markets, according to an analysis from CoreLogic. In the data provider’s March MarketPulse report, economist Sam Khater explained markets in the Midwest and Northeast are still struggling with REO inventory, while the South and Southwest are seeing.

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What is Shadow Inventory? Popular Foreclosure Question According to a report from Fitch Ratings (via a Housingwire article), it is going to take more than 40 months to clear the existing shadow inventory of homes (REO and foreclosed/distressed homes that have yet to come to market but will). They estimate that the current shadow inventory is about 7 million homes.

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foreclosure filing during the month- more than three times the national average. Florida foreclosure activity increased 8 percent from the previous month and was up 7 percent from a year ago. Florida. The "shadow inventory" of homes that are in foreclosure or carry

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It was much easier to simply state the amount of mortgage debt represented. Well, here it is, the moment we have all been waiting for. Fitch says the shadow inventory represents 7 million homes!!!!! And it will take an estimated 40 months to clear through that inventory. That is nearly twice the estimation given by some other statistical companies.

So many of the foreclosure. It would take 8.4 months to clear them off the market at today’s sales pace. Analysts say a six-month supply represents a healthy supply of homes. Economists say the.

Though just about everyone has heard about the scandal over "robo-signing" of foreclosure documents, the issues are so complex that what’s at stake isn’t always clear. After reading. in a market.