CNBC real estate reporter Diana Olick released an article this week suggesting the housing repo man is back.
Olick is essentially tapping into the good and bad of the current marketplace by highlighting distressed property trends.
She notes new RealtyTrac data shows a decline in overall foreclosure activity. But at the same time, she says delayed foreclosures are just now going back to the banks with repossessions jumping 11% from October to November.
The takeaway is while new foreclosures are down, banks are obtaining a new stream of distressed assets that will eventually impact the marketplace.
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