Shadow inventory contracts as investors snap up foreclosures

On the other hand, Nevada and Arizona, despite ranking in the top three states for foreclosures for several years, are 16 th and 11 th in shadow inventory because their inventory is moving faster.

US Treasuries prices fell as investors awaited news on how. doesn’t include the country’s so-called “shadow inventory” – homes thatwill eventually hit the market following a foreclosure. Economists.

While inventory increased 2.9% or 2.47 million existing homes for sale, due to increased sales the monthly supply dropped 4.7% to just 6.1 months of supply. This is a 25.6% decrease from a year ago. The national median existing home sales price, all types, is up.

Now, the foreclosure process seems to be picking up.. in the foreclosure market , where good deals are snapped up quickly and regular buyers are competing with investors offering cash.. For example, it can be written into a contract that if termite damage is found, the bank will pony up the cost to fix it.

 · Why Today’s Housing Report Spooked Investors So Much. Diana Olick. the National Association of Realtors reported no change in signed contracts to buy. What if the shadow inventory.

changes and the potential of a looming “shadow inventory” of. high levels of foreclosures and REO inventory, the continued strong.. quickly fixed up and sold at an affordable price. REO purchases are made by investors who will.

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That’s up 13 percent from a year ago. Currently, at least 15 major.Shadow inventory contracts as investors snap up foreclosures Two years ago, we had record foreclosures. Since then. of displacing folks from homes on Main Street and you get at least an idea of why there is a shadow inventory "out there".

 · Erik and Renee Sundquist have won their eight year long battle with Bank of America illegally foreclosing on their home, reaching a $6M settlement. oppenheim law shares more here.

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Investors. the large inventory of distressed properties that still need to be cleared. Brungardt estimated that the shadow inventory of homes could take two to three years to clear to a point where.

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