The Foreclosure Market - Zillow Reports

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Spencer Rascoff from Zillow reports his view and perspective on Bloomberg TV. Says 1.4 million homes have yet to go into foreclosure that are currently 90 days late in their payments. Also discusses "Shadow Listings" and their effect on the RE Market. When does Spencer believe the Nation will hit bottom?

See Zillow's "Foreclosure Move-Up-Market" report: DETAILS HERE