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"First Look" at Foreclosure Milestone -Black Knight
Monday, March 23, 2015
The number of pending foreclosures nationwide, the "foreclosure
inventory," reached a milestone in February.
For the first time since December 2007 it has dipped slightly below
800,000. The total, which still rounds
up to 800,000, fell 15,000 from January and is 315,000 units lower than in
Black Knight Financial Services released information on the
inventory and other foreclosure data in its "first look" at the months mortgage
performance data. The company will
provide more detail on this data in its Mortgage
Monitor due to be published on April 6.
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