Nevada Looks to Reduce Shadow Inventory by Purchasing $150M in Delinquent Mortgages

Citing the overhang of distressed homes as a major stumbling block to recovery, a Nevada official is proposing a new program for reducing it. According to the Associated Press, Bruce Breslow, Director of Nevada’s Department of Business and Industry, wants to use federal and other funds to purchase about $150 million in delinquent mortgages and […]