Only “Number Jesters” report 2Q economic growth at 4% pace

4 factors weighing down housing in the second half of 2014

Will housing collapse?

Altos: Critics wrong about housing, it’s going to soar

2015 will see notable price appreciation
W S
Servicing / The Ticker

Institutional investors snatch up presale foreclosures

/ Print / Reprints /
| Share More
/ Text Size+

In another sign of institutional investors’ appetites for foreclosures, inventories of presale foreclosures have declined since last year as lenders have made volumes of foreclosures available via REO tapes to hedge funds.

Nationally, some 1.69 million properties are in the presale foreclosure inventories. 

Nationally some 1,689,000 properties are in the presale foreclosure inventories.

Presale foreclosures Last month presale inventories fell 0.41 percent on a monthly basis and 19.6% on a year-over-year basis, according to Lender Processing Services.

Presale foreclosures, also called preforeclosures, are properties that have yet go to auction where they are either sold to a third party or go back to the lender to become REOs.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus