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First American Sees 1.7m in Shadow Inventory

By JON PRIOR

First American CoreLogic estimates a 1.7m pending supply of homes was ready to hit the market as of September 2009. First American CoreLogic is the property and ownership information provider subsidiary of The First American Corp. (FAF: 33.35 +1.15%). Also known as the ?shadow inventory,” these homes are either in serious delinquency or in the foreclosure [...]

Full post as published by Housing Wire on December 17, 2009 (boomark / email).