Foreclosed homes are slow to hit market

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One Million Foreclosures Delayed – Sherman Oaks Real Estate

by Mario Acosta July 14, 2011 How's The Market

One million foreclosures delayed to 2012 or later

Although Sherman Oaks homes have experienced a generally low rate of foreclosure compared to the national average, processing problems at the major mortgage servicers pushed up to 1 million foreclosure actions that should have taken place in 2011 into 2012 and beyond, according to RealtyTrac.

Lenders issued a foreclosure …

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