Shadow Inventory in the D.C. Area Much of the discussion of the housing recovery has centered on the idea of a "shadow inventory of homes," those that are in serious delinquency or foreclosure and therefore are likely soon to be bank-owned. The shadow inventory is important because it is part of the excess
The current residential shadow inventory as of October 2012 fell to 2.3 million units, representing a supply of seven months. The October 2012 inventory level fell 12.3 percent from a year earlier.
Livonia Mi 48152 foreclosures available in MI. Find the best deals on the market in Livonia Mi 48152 and buy a property up to 50 percent below market value. Shop around and act fast on a new real estate investment in your area.
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It’s High Noon on Shadow Inventory as Banks Halt Foreclosures So Ally’s GMAC, Bank of America and J.P. Morgan Chase are halting foreclosures in 23 states. More importantly, Fannie Mae and Freddie Mac have stepped in to outline correct foreclosure processes and are demanding lenders adhere to them.
Chicago Foreclosure Activity: Defaults Approach New Low. Tweet.. Although foreclosures are fading overall, there has been a notable an [sic] uptick in foreclosures completed by some nonbank.
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shadow inventory.5 Economists generally believe that housing prices will not fully recover until the bulk of the shadow inventory has been disposed of.6 Lower-income neighborhoods of color have been particularly affected,7 although foreclosures have a large negative impact on house prices, residential investment, and durable
The distressed property market and Shadow Inventory in Florida: Estimates and Analysis . Introduction . Florida was one of the states hardest hit by the real estate downturn. Delinquencies, foreclosures and short sales have become a significant part of the real estate market in Florida.
Richmond American Debuts Three Denver Metro Communities Located on the scenic rolling plains southeast of Denver, Stone Creek Ranch offers a wide variety of ranch and two-story homes within the popular douglas county school district. Easy access to Parker Road and E-470, the nearby cherry creek trail system, shopping, dining and The Pinery Country Club put the best of Parker within reach.
In a nutshell, it’s quite simple, and frankly, very good news for those of us in the REO business, selling foreclosures for banks. Watch this video and you’ll see that we are merely in the eye of the REO storm, as it appears that the Shadow Inventory bubble is preparing to burst and provide us with opportunities to sell REO homes like never before.
The so-called shadow inventory is down 28 percent from its January 2010 peak, according to a new report from CoreLogic, a residential property information firm. The number of homes owned by mortgage.