bank owned: Real Estate "Shadow" Inventory Sasquatch - 10/09/09 02:55 PM
By now thanks to recent articles in The Wall Street Journal, New York Times, Bloomberg, CNBC and other media, so called Shadow Inventory has come to the mainstream, but it is more elusive than Sasquatch. Real Estate Agents have been blogging about this for months. For those who may have missed it, Shadow Inventory is the defaulted loans that the lenders are allegedly not releasing for sale. According to Rick Sharga, VP of RealtyTrac "We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market" Lawrence Yun, NAR chief economist called … (0 comments)

 

Billie Dalessio

North Haven, CT

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Home Run Realty, LLC

Address: 2 Church St, North Haven, CT, 06473

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