Western states grow REO inventories

ForeclosureRadar expands coverage to five states

Inventories of bank-owned "REO" homes in five western states now tracked by ForeclosureRadar were up 18.1 percent in August compared to a year ago, but the number of properties in the foreclosure process showed more modest 2.9 percent growth over the same period.

ForeclosureRadar’s monthly reports, previously confined to California, now cover Arizona, Nevada, Oregon and Washington. The reports break down foreclosure filings and inventories by state, county, city and ZIP code.