[quote=esmith][quote=peterb]From what I am hearing and seeing, although banks are foreclosing, the properties are not hitting the market. So, for some reason, the banks are holding back listing the properties. Very strange. [/quote]
I see no evidence of that out here, but I suppose it’s possible in the hardest hit areas like Hemet and Stockton.[/quote]
Yea I have not really seen evidence of this shadow inventory everyone keeps talking about either.
But what better time to release foreclosures than when mortgages are around 4.5 % or so ???
Just a thought,
Also if this does come to pass,
I would think this will be a boon for those who deal with the banks and sell foreclosures, Big Big money to be made here if this does happen.
