Offlinegood article... link below...
'About 4 million loans that are seriously delinquent should remain in the foreclosure process for at least three more years'
'We've got a huge population of shadow inventory that will not be turned around in the next year," says Kyle Lundstedt, Applied Analytics' managing director. "We've got three to five years of this extended new normal."
http://realestate.msn.com/foreclosure-slowdown-deepens-continues-to-stal...
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
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I guess this is good news for REI's. Bad news for the homeowner. Great article!
Tons of good info. Shadow inventory is something that should NOT be overlooked.
As they say, "the trend is your friend".