[quote=Effective Demand]Dataquick takes sales from County records. So the only way “shadow” sales would be happening and people not know about it would be if the new entity didn’t record the deed.
But ask yourself, even if a group did a bulk REO buys they are doing it to sell the homes so that supply is coming on market anyways.
Non-issue.[/quote]
I don’t think it’s a non-issue. Maybe they are going to resell it, or maybe not, or maybe they will just trickle it out, etc. Regardless, if there are shadow sales offsetting shadow inventory I think that’s significant.
So it seems like the consensus here is that bulk buyers wouldn’t have to record the sale, and there may indeed be shadow sales taking place?
It would be cool if we could get some data on this but I don’t have the first idea how…
