No one here has found an address that has been foreclosed on and NOT been put up on the market at some point…it might take months and months and months, but they always are put up for sale.
Yes, there’s a “shadow” inventory, but not because of some right wing conspiracy cooked up by wall-street.
And, yes, all NOD’s will either be refinanced or evicted and sold, and yes, this will take a while.