[quote=bearishgurl]They are creating their OWN artificial “trickle” until 2014 ON PURPOSE, to attempt to try to recover AS MUCH AS HUMANLY POSSIBLE from each and every REO by creating bidding wars for them, due to lack of inventory in most areas. Most of these REO’s were built in the last ten years and due to that particular “captive audience,” will have buyers lined up to bid as soon as they hit the market, one by one, while the rest of their “shadow properties” await their turn.[/quote]
Agreed. And with assistance from us taxpayers, don’t forget.