“Anybody have facts or info to substantiate that statement?”
Facts?
Stever this is a blog and you are asking for facts?
heheheheh….
As you can see there have been no satisfactory answers. I would not put any stock in correlating banks holding properties to stats put out by Realtytrac as well.
What I do see is banks being more favorable to offers on REOs and short sales. Alternately I do see that those pipes are still indeed full, so to speak. They flow a bit more efficiently now but there is plenty of supply so they have a big pool to drain out.
I am of the camp that in some areas indeed the banks may not be marketing all of the properties they have for sale but I am less and less of the opinion that they have pool of billions of dollars in stashed inventory.
