The banks do not have a choice.

[stever]

Someone wrote;

“The banks do not have a choice. At present, they are only putting out less than 30% of their REO inventory.”

Anybody have facts or info to substantiate that statement?

[kewp]

Given what the RealtyTrac site shows, this sounds about right.

This would be a hard stat to verify, however, as the banks aren’t going to co-operate in releasing data that would show how little their assets are worth.

[kewp]

Given what the RealtyTrac site shows, this sounds about right.

This would be a hard stat to verify, however, as the banks aren’t going to co-operate in releasing data that would show how little their assets are worth.

[kewp]

Given what the RealtyTrac site shows, this sounds about right.

This would be a hard stat to verify, however, as the banks aren’t going to co-operate in releasing data that would show how little their assets are worth.

[kewp]

Given what the RealtyTrac site shows, this sounds about right.

This would be a hard stat to verify, however, as the banks aren’t going to co-operate in releasing data that would show how little their assets are worth.

[kewp]

Given what the RealtyTrac site shows, this sounds about right.

This would be a hard stat to verify, however, as the banks aren’t going to co-operate in releasing data that would show how little their assets are worth.

[nostradamus]

Articles abound.

bloomberg says:
17.9 million bank-owned homes sit vacant. Of those, 2.07M for sale => less than 9% of bank-owned homes have hit the market.

Here’s another take.

[nostradamus]

Articles abound.

bloomberg says:
17.9 million bank-owned homes sit vacant. Of those, 2.07M for sale => less than 9% of bank-owned homes have hit the market.

Here’s another take.

[nostradamus]

Articles abound.

bloomberg says:
17.9 million bank-owned homes sit vacant. Of those, 2.07M for sale => less than 9% of bank-owned homes have hit the market.

Here’s another take.

[nostradamus]

Articles abound.

bloomberg says:
17.9 million bank-owned homes sit vacant. Of those, 2.07M for sale => less than 9% of bank-owned homes have hit the market.

Here’s another take.

[nostradamus]

Articles abound.

bloomberg says:
17.9 million bank-owned homes sit vacant. Of those, 2.07M for sale => less than 9% of bank-owned homes have hit the market.

Here’s another take.

[nostradamus]

Not exactly answering the original question, this relates more to what kewp said: You can go to the bank websites and see what they have for sale. As you can see here, Countrywide has over $3B in foreclosed homes for sale. It does not list homes they own but are not selling, which would be a very interesting statistic indeed. The data in that link comes from Countrwide's own website:

http://www.countrywide.com/purchase/f_reo.asp

[nostradamus]

Not exactly answering the original question, this relates more to what kewp said: You can go to the bank websites and see what they have for sale. As you can see here, Countrywide has over $3B in foreclosed homes for sale. It does not list homes they own but are not selling, which would be a very interesting statistic indeed. The data in that link comes from Countrwide's own website:

http://www.countrywide.com/purchase/f_reo.asp

[nostradamus]

Not exactly answering the original question, this relates more to what kewp said: You can go to the bank websites and see what they have for sale. As you can see here, Countrywide has over $3B in foreclosed homes for sale. It does not list homes they own but are not selling, which would be a very interesting statistic indeed. The data in that link comes from Countrwide's own website:

http://www.countrywide.com/purchase/f_reo.asp

[nostradamus]

Not exactly answering the original question, this relates more to what kewp said: You can go to the bank websites and see what they have for sale. As you can see here, Countrywide has over $3B in foreclosed homes for sale. It does not list homes they own but are not selling, which would be a very interesting statistic indeed. The data in that link comes from Countrwide's own website:

http://www.countrywide.com/purchase/f_reo.asp

[Author]

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