[quote]Excellent oxford. Do the banks cleanup the mess by Nov and bring all the inventory? Why not so early – so the Fed givingaway 8K amount sale is over by November and I believe it could be bit rush in sales by that timeframe.[/quote]
The bank dumping of inventory was mentioned to me by my agent who is one of the main contributors on this site. My plan was also recommended to me by him.
The Fed’s $8k tax credit applies if you and spouse have not owned a home in the past three years. Plus a ton of other fine print..
I am not too concerned about that deal affecting the homes I am considering.
There is also concern of investor groups buying up foreclosures and thinning the herd.
But… I am still gambling on the massive amount of foreclosures and trashed economy to push prices down. Abundant distressed property is going to the norm for a long time in my opinion. Nothing is going to change the fact that many people got loans they could not afford in 2005/06 and bought homes insanely overpriced.
