[quote=AK]If I had a dollar for every time some “well-connected insider” down here said the banks were about to open the REO floodgates …
Trust no one! :)[/quote]
I agree 100%. I’ve talked to agents who “just got off the phone with an Asset Manager” and you get the floodgates are opening. Hasn’t happened.
You can look at what trustee sales have happened (public records).. and then go look at if those properties have been listed (MLS). For the areas near population centers and active markets, You’ll be sorely disapointed if you are expecting any huge number of REOs sitting in the wings outside of the normal float (in eviction, trash out, waiting for pricing, etc) and a few stragglers that are tied up due to various reasons.
Shadow inventory consists of the large amount of homes sitting on the sidelines that CAN be taken back by the banks but aren’t. IMHO it does not generally consist of a large number of homes that have been taken back but aren’t being sold (outside of the lag time for eviction, trash out, BPO, etc).
[quote=AK]If I had a dollar for every time some “well-connected insider” down here said the banks were about to open the REO floodgates …
Trust no one! :)[/quote]
“In God we trust. Everyone else, bring data.” That’s our moto and I’m sticking w/ it. I’ll believe the flood gate claim when I see it. People were claiming the flood gate would get open in June. June came and went w/out a peep.
[quote=AK]If I had a dollar for every time some “well-connected insider” down here said the banks were about to open the REO floodgates …
Trust no one! :)[/quote]
“In God we trust. Everyone else, bring data.” That’s our moto and I’m sticking w/ it. I’ll believe the flood gate claim when I see it. People were claiming the flood gate would get open in June. June came and went w/out a peep.
[quote=AK]If I had a dollar for every time some “well-connected insider” down here said the banks were about to open the REO floodgates …
Trust no one! :)[/quote]
“In God we trust. Everyone else, bring data.” That’s our moto and I’m sticking w/ it. I’ll believe the flood gate claim when I see it. People were claiming the flood gate would get open in June. June came and went w/out a peep.
[quote=AK]If I had a dollar for every time some “well-connected insider” down here said the banks were about to open the REO floodgates …
Trust no one! :)[/quote]
“In God we trust. Everyone else, bring data.” That’s our moto and I’m sticking w/ it. I’ll believe the flood gate claim when I see it. People were claiming the flood gate would get open in June. June came and went w/out a peep.
[quote=AK]If I had a dollar for every time some “well-connected insider” down here said the banks were about to open the REO floodgates …
Trust no one! :)[/quote]
“In God we trust. Everyone else, bring data.” That’s our moto and I’m sticking w/ it. I’ll believe the flood gate claim when I see it. People were claiming the flood gate would get open in June. June came and went w/out a peep.
This was already posted on another thread by a intuitive poster but if you look at the stats for june trustee sales it was the largest increase for a long long time.
This was already posted on another thread by a intuitive poster but if you look at the stats for june trustee sales it was the largest increase for a long long time.
This was already posted on another thread by a intuitive poster but if you look at the stats for june trustee sales it was the largest increase for a long long time.
This was already posted on another thread by a intuitive poster but if you look at the stats for june trustee sales it was the largest increase for a long long time.
