CoreLogic: REOs hit lowest point since 2007
Distressed sales slipped down in June by 2.2% from last year and 0.8% from May, according to the latest report from CoreLogic. Within the distressed category, real estate owned sales accounted for 4.9% of the distressed sales and 2.9% of total home sales in June. This is a decrease of 1.9% from June 2015, and