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shadow inventory: Flood of Foreclosures in the Forecast - 12/08/09 09:34 PM
Flood of Foreclosures in the Forecast
Less than 1/4th of recent bank owned or REO properties taken back by banks over the last 60 days have been integrated into the local housing market according to research conducted by REALTOR® Frederic Din. "I researched over 150 newly acquired bank owned properties from October 1st through December 4th, 2009 and found only thirty-seven properties listed in the Imperial Valley Multiple Listing Service (MLS) out of properties researched throughout the county".
While Frederic's research of "shadow inventory" in the Imperial Valley is ongoing, he states there are definite trends leading to a growing level of vacant … (4 comments)

 
Fredflogo6b2

Frederic A Din ~ Imperial Valley REALTOR

El Centro, CA

More about me…

AXIA Real Estate Group Inc 760-235-4885

Address: PO Box 28, El Centro, CA, 92244-0028

Office Phone: (760) 235-4885

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Imperial Valley Real Estate resources for foreclosures, bank owned, REO, short sale, investment, and distressed properties




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