foreclosure rate: Shadow Inventory... Only the shadow knows! - 05/12/09 03:55 PM
You've heard the speculation, you've read the blogs, how large is the looming shadow inventory?
As a broker and property manager, who has recently become one of the go to guys for REO, I can tell you the looming threat is ominous!
I am managing hundreds of REO investment properties for lenders who are reluctant to put them on the market, I am doing BPO's for lenders who are moving toward foreclosure on multiple commercial properties.
Lenders are holding back inventory because the market is soft and they do not want to flood the market with more toxic assets. From my … (9 comments)

 

Ben Edsall

Kansas City, MO

More about me…

Turn-Key Properties LLC, Missouri and Kansas Real Estate

Address: 7312 E 67th St.., Kansas City, MO, 64133

Office: (816) 313-8876

Fax: (816) 313-8877

http://www.turnkeyproperties.us I generally blog about the investment property market. Real estate trends and politics as they affect the market. Rental Property and Kansas City. As the founder of the Institute of Equestrian Real Estate Professionals I am thrilled to promote equine real estate and aid in the education and certification of equestrian real estate professionals throughout the world. http:/www.ierep.com


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