“Shadow Foreclosures” 8 Million More Foreclosures May Be Waiting: ABC NEWS

FORECLOSURE FRAUD | by DinSFLA

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

June 7, 2010

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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