Modified mortgages re-enter shadow inventory -- By next month the housing crisis will have cost 5,000,000 Americans their homes via foreclosures. Distressed inventory still above 5,000,000.
2012-11-29 — doctorhousingbubble.com
As it still turns out, about 50,000 homes are repossessed per month and about 100,000 enter foreclosure. This is still a weak recovery and the problems in housing are still deep. It appears shifting buckets around was one strategy to solve the crisis. Re-entering the shadow inventory? Who would have thought.
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