Shadow Inventory – The Flood that May Never Come

[blahblahblah]

sdduuuuude is absolutely correct, this is going to happen. As for the carrying costs of all these dead assets, well the bailouts will help. They may choose to rent some of them out or do loan reworks that basically turn “homeowners’ into renters. There will also probably be some mysterious fires from time to time that take care of some of the unoccupied ones. Home prices may come down but it won’t be because of these foreclosures. The values of homes must be kept high! It’s just like the Soviet Union pretending that their harvest are at record yields while all of the store shelves are empty; the party line doesn’t reflect reality, everyone knows it but we just keep playing along. Be brave, comrades!

[SD Realtor]

I gotta say I strongly believe this to be the case as well. It is not like it is gonna happen, it IS ALREADY HAPPENING.

The numbers posted at foreclosure forum are not made up. If we don’t see hard evidence in the form of increased foreclosures in the next few months it is going to be very troublesome.

Without inventory prices do not collapse. It is pretty basic.

[SD Realtor]

I gotta say I strongly believe this to be the case as well. It is not like it is gonna happen, it IS ALREADY HAPPENING.

The numbers posted at foreclosure forum are not made up. If we don’t see hard evidence in the form of increased foreclosures in the next few months it is going to be very troublesome.

Without inventory prices do not collapse. It is pretty basic.

[SD Realtor]

I gotta say I strongly believe this to be the case as well. It is not like it is gonna happen, it IS ALREADY HAPPENING.

The numbers posted at foreclosure forum are not made up. If we don’t see hard evidence in the form of increased foreclosures in the next few months it is going to be very troublesome.

Without inventory prices do not collapse. It is pretty basic.

[SD Realtor]

I gotta say I strongly believe this to be the case as well. It is not like it is gonna happen, it IS ALREADY HAPPENING.

The numbers posted at foreclosure forum are not made up. If we don’t see hard evidence in the form of increased foreclosures in the next few months it is going to be very troublesome.

Without inventory prices do not collapse. It is pretty basic.

[SD Realtor]

I gotta say I strongly believe this to be the case as well. It is not like it is gonna happen, it IS ALREADY HAPPENING.

The numbers posted at foreclosure forum are not made up. If we don’t see hard evidence in the form of increased foreclosures in the next few months it is going to be very troublesome.

Without inventory prices do not collapse. It is pretty basic.

[jpinpb]

It seems that the NODs are a massive quantity, but the foreclosures just trickle in. The banks are definitely reluctant to release them for whatever reason. Some say too busy, but I’m more inclined to believe they don’t want to take the loss on the books, which sucks b/c our tax dollars were supposed to help the banks’ loss and get the inventory resolved.

It’s like neither is happening. You hear about a trickle of places that got mod’ed and a trickle of bank owned on the market. Nothing en masse. I don’t hear about massive loan modifications. Yet I see places sitting empty for a long time. Of course the epitome is the destruction of the houses in Victorville.

[jpinpb]

It seems that the NODs are a massive quantity, but the foreclosures just trickle in. The banks are definitely reluctant to release them for whatever reason. Some say too busy, but I’m more inclined to believe they don’t want to take the loss on the books, which sucks b/c our tax dollars were supposed to help the banks’ loss and get the inventory resolved.

It’s like neither is happening. You hear about a trickle of places that got mod’ed and a trickle of bank owned on the market. Nothing en masse. I don’t hear about massive loan modifications. Yet I see places sitting empty for a long time. Of course the epitome is the destruction of the houses in Victorville.

[jpinpb]

It seems that the NODs are a massive quantity, but the foreclosures just trickle in. The banks are definitely reluctant to release them for whatever reason. Some say too busy, but I’m more inclined to believe they don’t want to take the loss on the books, which sucks b/c our tax dollars were supposed to help the banks’ loss and get the inventory resolved.

It’s like neither is happening. You hear about a trickle of places that got mod’ed and a trickle of bank owned on the market. Nothing en masse. I don’t hear about massive loan modifications. Yet I see places sitting empty for a long time. Of course the epitome is the destruction of the houses in Victorville.

[jpinpb]

It seems that the NODs are a massive quantity, but the foreclosures just trickle in. The banks are definitely reluctant to release them for whatever reason. Some say too busy, but I’m more inclined to believe they don’t want to take the loss on the books, which sucks b/c our tax dollars were supposed to help the banks’ loss and get the inventory resolved.

It’s like neither is happening. You hear about a trickle of places that got mod’ed and a trickle of bank owned on the market. Nothing en masse. I don’t hear about massive loan modifications. Yet I see places sitting empty for a long time. Of course the epitome is the destruction of the houses in Victorville.

[jpinpb]

It seems that the NODs are a massive quantity, but the foreclosures just trickle in. The banks are definitely reluctant to release them for whatever reason. Some say too busy, but I’m more inclined to believe they don’t want to take the loss on the books, which sucks b/c our tax dollars were supposed to help the banks’ loss and get the inventory resolved.

It’s like neither is happening. You hear about a trickle of places that got mod’ed and a trickle of bank owned on the market. Nothing en masse. I don’t hear about massive loan modifications. Yet I see places sitting empty for a long time. Of course the epitome is the destruction of the houses in Victorville.

[Oxford]

That makes sense.

And so does this.
http://piggington.com/foreclosures_coming_soon_to_a_neighborhood_near_you

So what is one to believe?

ox
…riding along on a carousel, trying to catch up to you…

[Oxford]

That makes sense.

And so does this.
http://piggington.com/foreclosures_coming_soon_to_a_neighborhood_near_you

So what is one to believe?

ox
…riding along on a carousel, trying to catch up to you…

[Oxford]

That makes sense.

And so does this.
http://piggington.com/foreclosures_coming_soon_to_a_neighborhood_near_you

So what is one to believe?

ox
…riding along on a carousel, trying to catch up to you…

[Oxford]

That makes sense.

And so does this.
http://piggington.com/foreclosures_coming_soon_to_a_neighborhood_near_you

So what is one to believe?

ox
…riding along on a carousel, trying to catch up to you…

[Author]

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