According to DS News, that's what is about to happen.

You can read the article by following the link below. 

http://www.dsnews.com/articles/new-housing-crash-looms-as-shadow-inventory-climbs-past-7-million-analysts-2009-09-25

It sounds like we're going to be hit by a "REO Tsunami", I hope we all survive!

Rudy

 
This post has been included in California Real Estate News Ventura County, CA Real Estate News
Post is included in group: REO
Post is included in group: REO EXCHANGE
Post is included in group: REO REALTORS

3 Comments on Shadow Inventory Climbs past 7 Million?

OCT
01
2009
530,121 Points Outside Blog Called Shot Master

Oh My Gosh this is not going to be good.  Prices will fall through the floor.

12:23am • #1
107,423 Points

The banks will not release them all at once.  This will be controlled.

8:24am • #2
OCT
09
2009

 

The sky is falling!!!

Bobby
3:18pm • #3


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Rudy Detgen, Moorpark, Simi Valley,  Realtor® , Real Estate Agent, Homes,REO (Troop Real Estate Inc.)

Rudy Detgen, Moorpark, Simi Valley, Realtor® , Real Estate Agent, Homes,REO

Moorpark, CA

More about me…

Troop Real Estate Inc.

Address: 3200 E Los Angeles Ave #12, Simi Valley, CA, 93065

Office Phone: (805) 581-3200

Cell Phone: (805) 217-6706

Email Me



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