Shadow Inventory – The Flood that May Never Come

[peterb]

If you’re a net debtor, you hate deflation. Paying back a debt with more costly money makes paying it back more difficult and it takes more of your resources to do so, at a time when you’re probably collecting less revenue as well…think state and local govt. The govt is the biggest debtor. They dont want deflation. But it remains to be seen whether or not they will get their wish. Savers and holders of money benefit the most from deflation.

I think a very likely scenario will be that all these unemployed people will probably be less likely to pay their car loans, credit card loans, student loans and mortgages,etc.. as they remain unemployed. This will fuel another wave of defaults. And we’re back on the deflation cycle once more.
I think it’s a very important thing to consider where employment will be growing to fuel an economic recovery. Next month over 100K college grads will be looking for work as well as the all the unemployed we’ve been racking up for the last 6 months…and continue to add to the ranks.

[golfproz]

But what does an NOD have to do with “shadow inventory”? Shadow inventory is REO’s, properties that the banks have already foreclosed on and now own, yet have not placed on the market. NODs are not shadow inventory. That’s just a property that the owner is behind on the payments. That doesn’t mean they have to list it for sale. It might never be for sale. They could get a loan mod, hit the lotto and pay it off, whatever. NOD’s have nothing to do with the so called shadow inventory.

[golfproz]

But what does an NOD have to do with “shadow inventory”? Shadow inventory is REO’s, properties that the banks have already foreclosed on and now own, yet have not placed on the market. NODs are not shadow inventory. That’s just a property that the owner is behind on the payments. That doesn’t mean they have to list it for sale. It might never be for sale. They could get a loan mod, hit the lotto and pay it off, whatever. NOD’s have nothing to do with the so called shadow inventory.

[golfproz]

But what does an NOD have to do with “shadow inventory”? Shadow inventory is REO’s, properties that the banks have already foreclosed on and now own, yet have not placed on the market. NODs are not shadow inventory. That’s just a property that the owner is behind on the payments. That doesn’t mean they have to list it for sale. It might never be for sale. They could get a loan mod, hit the lotto and pay it off, whatever. NOD’s have nothing to do with the so called shadow inventory.

[golfproz]

But what does an NOD have to do with “shadow inventory”? Shadow inventory is REO’s, properties that the banks have already foreclosed on and now own, yet have not placed on the market. NODs are not shadow inventory. That’s just a property that the owner is behind on the payments. That doesn’t mean they have to list it for sale. It might never be for sale. They could get a loan mod, hit the lotto and pay it off, whatever. NOD’s have nothing to do with the so called shadow inventory.

[golfproz]

But what does an NOD have to do with “shadow inventory”? Shadow inventory is REO’s, properties that the banks have already foreclosed on and now own, yet have not placed on the market. NODs are not shadow inventory. That’s just a property that the owner is behind on the payments. That doesn’t mean they have to list it for sale. It might never be for sale. They could get a loan mod, hit the lotto and pay it off, whatever. NOD’s have nothing to do with the so called shadow inventory.

[jimg111]

Since I’ve posted in the past about the shadow inventory I’ll give the latest. Contacts at our banks are indicating a significant release starting June 1, whether this will actually happen or not we will have to wait and see. Since late last year the assignments have trickled in at about 5-8 a month(last summer was 25-30 a month), in the last 3 days we have received 5 new properties. I don’t know if this is the beginning or not but I sure hope so. Of course Obama could wave his hand and make the right to foreclosure and evict illegal tomorrow.

[jimg111]

Since I’ve posted in the past about the shadow inventory I’ll give the latest. Contacts at our banks are indicating a significant release starting June 1, whether this will actually happen or not we will have to wait and see. Since late last year the assignments have trickled in at about 5-8 a month(last summer was 25-30 a month), in the last 3 days we have received 5 new properties. I don’t know if this is the beginning or not but I sure hope so. Of course Obama could wave his hand and make the right to foreclosure and evict illegal tomorrow.

[jimg111]

Since I’ve posted in the past about the shadow inventory I’ll give the latest. Contacts at our banks are indicating a significant release starting June 1, whether this will actually happen or not we will have to wait and see. Since late last year the assignments have trickled in at about 5-8 a month(last summer was 25-30 a month), in the last 3 days we have received 5 new properties. I don’t know if this is the beginning or not but I sure hope so. Of course Obama could wave his hand and make the right to foreclosure and evict illegal tomorrow.

[jimg111]

Since I’ve posted in the past about the shadow inventory I’ll give the latest. Contacts at our banks are indicating a significant release starting June 1, whether this will actually happen or not we will have to wait and see. Since late last year the assignments have trickled in at about 5-8 a month(last summer was 25-30 a month), in the last 3 days we have received 5 new properties. I don’t know if this is the beginning or not but I sure hope so. Of course Obama could wave his hand and make the right to foreclosure and evict illegal tomorrow.

[jimg111]

Since I’ve posted in the past about the shadow inventory I’ll give the latest. Contacts at our banks are indicating a significant release starting June 1, whether this will actually happen or not we will have to wait and see. Since late last year the assignments have trickled in at about 5-8 a month(last summer was 25-30 a month), in the last 3 days we have received 5 new properties. I don’t know if this is the beginning or not but I sure hope so. Of course Obama could wave his hand and make the right to foreclosure and evict illegal tomorrow.

[peterb]

NOD’s dont have to turn into NOT’s, but there’s a lot of factors that make the odds very high that most will. There seems to be ways to avoid the next moratorium. (Home owner waives there decision to do a loan mod via fdic rules.) And the removal of M2M would allow sales of foreclosures to not effect the existing loan portfolio valuation. If these things are correct, banks would probably be significantly increasing their foreclosure acitivity in the near future.

[peterb]

NOD’s dont have to turn into NOT’s, but there’s a lot of factors that make the odds very high that most will. There seems to be ways to avoid the next moratorium. (Home owner waives there decision to do a loan mod via fdic rules.) And the removal of M2M would allow sales of foreclosures to not effect the existing loan portfolio valuation. If these things are correct, banks would probably be significantly increasing their foreclosure acitivity in the near future.

[peterb]

NOD’s dont have to turn into NOT’s, but there’s a lot of factors that make the odds very high that most will. There seems to be ways to avoid the next moratorium. (Home owner waives there decision to do a loan mod via fdic rules.) And the removal of M2M would allow sales of foreclosures to not effect the existing loan portfolio valuation. If these things are correct, banks would probably be significantly increasing their foreclosure acitivity in the near future.

[peterb]

NOD’s dont have to turn into NOT’s, but there’s a lot of factors that make the odds very high that most will. There seems to be ways to avoid the next moratorium. (Home owner waives there decision to do a loan mod via fdic rules.) And the removal of M2M would allow sales of foreclosures to not effect the existing loan portfolio valuation. If these things are correct, banks would probably be significantly increasing their foreclosure acitivity in the near future.

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