New Foreclosures Spike in MayInvestors unhappy with current foreclosure inventory levels may have some temporary relief in the coming months as an unexpected spike in May foreclosure activity works its way through the system.  Overall activity broke the 200,000 barrier for the first time in three months and starts increased on an annual basis for the first time since 2010 according to the May report from RealtyTrac.But the bulk of new distress sales probably won’t be REOs, but rather as … [Read more...]