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Home › Forums › Housing › How Long Does It Take Before the Bank Takes The Houses Back? › urbanrealtor wrote: Allan’s

September 23, 2009 at 4:35 PM #461318
Eugene
Participant

[quote=urbanrealtor]
Allan’s version is becoming the norm.

Or rather, it is the norm.[/quote]

http://sdhpi.blogspot.com/2009/08/on-shadow-inventory.html

My estimate is that roughly half of all January and February NOD recepients have been foreclosed, sold their houses, or got some kind of workout. For earlier NODs, the resolution percentage seems to be closer to 75-80%.

P.S. can any of you realtor guys check Realist database for 636 Atherton, 92078? I’m wondering whether it really sold for 586k or it’s a typo.