Shadow inventory rocked by foreclosure snafu

But this recovery has led to a dramatic decrease in the overall housing inventory. Fortunately, there might be some relief from the shortage in sight.. Shadow Inventory: More Houses Will Soon.

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“I think the system would have flushed out (defaults and foreclosures) long ago if they had let a lot of builders go bankrupt and people lose their homes. Lots of other markets have flushed things out.

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As Ms. Bharati discovered, 2010 was a tale of two housing markets. However, the year of wild twists and. Sellers took longer than buyers to regain confidence, causing a delay in getting inventory.

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Charlotte & Lake Norman Foreclosure Homes Bank "Shadow Inventory" In speaking to some of my friends and relatives who still live there, I learned that the state’s ongoing foreclosure glut has resulted in an interesting phenomenon — a "shadow" inventory of.

SIEGEL: What role in all of this does the so-called shadow inventory play, the many homes in foreclosure, or perhaps soon in foreclosure. say, the kernel of rock-solid truth in all those.

Shadow inventory rocked by foreclosure [.] Read more Jay Collins Senior Loan Officer | NMLS #206214 GA-MLO #27096 Kennesaw – 202603 Bay Equity Home Loans Mortgage Professional Reviews Posted on by Emma. Category: mortgage lenders news.

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with hedge fund house-flippers and shadow inventory driving the so-called “recovery” more than anything fundamental..These are the kind of stories I like to highlight when asked why we should be.

Shadow inventory rocked by foreclosure snafu Selling a home on these days means sellers get 10% more Mortgage Masters Group The Home Equity Theft Reporter: Florida Federal Jury Convicts Six Straw Buyers In Alleged Scam Involving $15M+ In Fraudulently Obtained Loans; $5M+ In Lender Losses

Shadow inventory is whereby the owner of the property is no longer making mortgage payments and yet has not listed the property, so it sits in the shadow. Most of these homes will become short sale properties and the rest will eventually become foreclosures. The only inventory available to a buyer is active inventory.

Shadow inventory or the "pending supply" is calculated from the number of properties that are seriously delinquent, in foreclosure, or held as owned real estate (REO) by lenders but not currently.

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