So, what if they end up in foreclosures? Sorry, but I am kind of skeptical at this point what it means anymore. Banks have proven that they can sit on foreclosures forever and release them ever so slowly in a trickle at pretty much “fair” market prices. So that they won’t put much pressure on home prices either in terms of price or in terms of number of inventory on the market…
Do we have any indications that those would change anytime soon? Will the banks ever be required to dump foreclosures en masse anytime soon?Foreclosure tsunami, anyone?
