(Sacramento Bee) The wreckage of California’s real estate crash is still washing up on the shoreline.
California, Florida and Illinois accounted for more than a third of the nation’s 1.6 million housing units classified as shadow inventory in January, according to CoreLogic, a Santa Ana-based mortgage-tracking company.
CoreLogic defines shadow inventory as properties with 90 days-plus delinquencies, foreclosures or those that are lender-owned.
