To be a stickler, the article is slightly deceiving. It states:
“Bottom line – there is
no “shadow” inventory of bank owned homes being intentionally withheld from the market.”
Since there is an endless amount of NODs that the bank is not acting on, technically, they don’t own them yet. That’s not even address the NODs that banks aren’t even bothering to file on places that they haven’t received mortgage payments on for months.
Again, as I’ve said on other threads, the inventory is there, but in limbo. The question is how it will get absorbed or (sdr) disposed.
