RealtyTrac noted that it had more than 750,000 foreclosed homes in its database of properties for sale, equal to about 17 percent of the 4.5 million U.S. homes that were up for sale in June.
To speed up the disposition of the 54,000 foreclosed properties it owns, Fannie Mae is opening offices in California and Florida and is considering selling those properties in bulk to investors. “I do not think this is a time to be holding onto (foreclosed properties) hoping for a better day,” CEO Daniel Mudd said last week.
I focused on the same thing when I read this article on cnbc, the days of shadow inventory are about to end. If fannie/freddie dump their inventory, we will definately see some price drops.
I focused on the same thing when I read this article on cnbc, the days of shadow inventory are about to end. If fannie/freddie dump their inventory, we will definately see some price drops.
I focused on the same thing when I read this article on cnbc, the days of shadow inventory are about to end. If fannie/freddie dump their inventory, we will definately see some price drops.
I focused on the same thing when I read this article on cnbc, the days of shadow inventory are about to end. If fannie/freddie dump their inventory, we will definately see some price drops.
I focused on the same thing when I read this article on cnbc, the days of shadow inventory are about to end. If fannie/freddie dump their inventory, we will definately see some price drops.
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