Not so Sure About that Shadow Inventory of Foreclosures

For months the housing industry has been under the cloud of the so called shadow inventory, a suspected tsunami of foreclosures damed up while lenders sorted through the sloppy procedures they were following for the first few years of the correction.  The article in the link below presents new evidence that lenders and homeowners are finding alternatives to foreclosure.  By the way, Core Logic,  whose statistics and analysis are cited in the article, also has a division that provides data services for most of the MLS (multiple listing service) used by Realtors throughout the country (including all of South Florida).

Foreclosures Article