Boy have these Banks really shot themselves! This is what WILL destroy AMERICA!
Foreclosure Glut: Is ‘Shadow Inventory’ Really a Threat?
Millions of New Foreclosures Will Stifle, Not Crush Housing Market, Say Economists
Every once in a while, the term “shadow inventory” makes it into the business headlines. Invariably, stories warn of a looming flood of foreclosures that will drag the housing market down as soon as homeowners begin to feel optimistic again.
But what is shadow inventory — and is it really such a big threat?
Different experts have different definitions. Some only include homes that have already been repossessed by banks and are awaiting distressed sales. Others include those whose owners are long-overdue on mortgage payments, while others still count homes whose owners would like to sell but are waiting for conditions to improve.
8 Million More Foreclosures May Be…
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