Distressed property made up a smaller percentage of total sales in February, but not because the housing market is recovering, according to Campbell/Inside Mortgage Finance’s HousingPulse Tracking Survey. The report, which found the percentage dropping from 49.6% in January to 47.3% last month, stated that the decline is linked to “a nationwide delay in the listing and sale of distressed properties as mortgage servicers continued to deal with legal and regulatory fallout surrounding title and paperwork issues.”
