Foreclosure shadow inventory will take more than 40 months to clear: Fitch

Short sale listings are now 40% of all active listings there. april sales figures for San Diego showed that 24% of all purchases were short sales. In Boise, Idaho there are currently more than..

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Contents Fund types (buyout tech100 winner: baseline reverse market.. unfortunate side Federal subsidies find Foreclosure shadow inventory will take more than 40 months to clear: Fitch total, PE firms have

Shadow Inventory. How to Profit. What Las Vegas Real Estate is Lurking in the Shadows? The shadow inventory of delinquent loans, foreclosures, and REOs stands at 7 million homes, which would take the market more than 40 months to clear, more than three years, according to Fitch Ratings.

Home Sales: Shadow Inventory to Linger. With around 7 million homes lurking in the wings on the verge of foreclosure, the inventory of homes waiting to be sold could take more than 40 months to.

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If nothing changes, it could take years for the industry to cycle through the REO lot that we already have coming into the market, and that’s if the shadow inventory doesn. of properties faster and.

Job growth last month was indeed stronger than in past months, and a new survey of CEOs finds them increasingly upbeat about hiring. But even if those green shoots emerge, it may take. a large.

Nearly 40 percent of the sales last month were either foreclosures or short sales, when the seller accepts less than. when the “shadow inventory” of homes is taken into account. These are homes.

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A new report from FitchRatings today finds that the nation’s shadow inventory of homes is roughly 7 million. Furthermore, Fitch projects it will take 40 months to get through all that inventory. The shadow inventory is homes that are currently delinquent (or in foreclosure or ownership by the.

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The "shadow inventory" of bank-repossessed properties, as well as distressed mortgages facing foreclosure, will take nearly three years to clear at the current sales rate, according to a.

For that matter, it didn’t take more than. foreclosure proceedings. Besides nonperforming housing loans, he observes, banks hold a slew of what’s called in the trade "real-estate owned," or REO,

It may take more than four years to clear the "shadow inventory" of distressed homes lurking on the sidelines in the U.S., a factor that’s likely to undermine real estate prices as the backlog.

Bank of America Puts Short Sales Ahead of REO  · Unless you’ve been under a rock the last few days, you’ve probably heard about major banks halting foreclosures in all 50 states (ie, Bank of America and a few others). Why are banks stopping foreclosure proceedings? As one article puts it, it’s a a “technical” paperwork problem with . . . mortgages with improper documentation.”