Inman AM: Part 1: Sizing up the 'shadow inventory'

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Friday, April 16, 2010

Part 1: Sizing up the 'shadow inventory'
By MATT CARTER There are lingering fears that the fragile recovery under way in many housing markets could be derailed by a "shadow inventory" of homes that have either been repossessed by lenders, are in foreclosure, or whose owners are behind on their loans. An estimated 7 million homeowners are currently behind on their loans or in the foreclosure process -- roughly double the number two years ago. More »

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