Foreclosures just keep falling. On Thursday, data from Black Knight Financial Services showed the number of homes in foreclosure fell below 400,000 for the first time since February 2007. The foreclosure inventory has dropped by 28% in the last 12 months alone. To keep profits up, the Mortgage Order Mills are demanding larger discounts. It’s crazy.
The Mortgage Order Mills are leasing out empty office space. The empty parking lots are great for the storage of RVs and flea market sales.