According to the the latest Foreclosure Inventory Analysis showed nearly 1.5 million properties were currently in the foreclosure process or being held by banks as Real Estate Owned. This was up 9 percent from the first quarter of 2012, but down significantly from the apex of foreclosure activity -- 2.2 million units -- in December 2010. What Is Distressed Property? "Distressed property" is a blanket term for homes in foreclosure, short sale or that are REO (Real Estate Owned). Below are … Continue reading...