Black Knight Reports Foreclosure Inventory Falls To 8 Year Low

Dated: August 21 2015

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The national foreclosure rate is down 24%, the lowest since 2007, according to the Data & Analytics division of Black Knight Financial Services.


The company’s “first look” at July 2015 month-end mortgage performance statistics is derived from its loan-level database representing approximately two-thirds of the overall market. ?


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(Source: Black Knight)


According to Black Knight, the inventory of loans in foreclosure continues decline; now at just 711,000 loans.


The delinquency rate improved by 2.2% from June, and is now near post-crisis low.


California saw a 16.4% 6-month reduction in non-current loans and joins Top 5 states in terms of improvement.


At just 2.96%, Colorado’s non-current inventory is at the lowest level in over 10 years and the second lowest in nation.


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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

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