housing recovery: How Will the Shadow Inventory Affect the Massachusetts Housing Market? - 09/01/09 11:27 AM
You see them everywhere throughout Massachusetts.   Homes with overgrown lawns and "No Trespassing" on the door - but no real estate sign in sight.  
These are properties that are part of the, so-called, "Shadow Inventory" which is comprised of homes that banks have taken back after foreclosure and have held onto rather than sell. 
What motivates banks to take such action (or, inaction)? 
While it is possible that they are overwhelmed with a glut of delinquent loans and possibly the lack the staffing or manpower to handle them, it could also be a well-planned strategy. 
In a statement last month, chief economist, … (6 comments)