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Shadow inventory rocked by foreclosure snafu

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Shadow inventory is generally described as the number of homes in bank inventory waiting to be sold plus the homes in that have been foreclosed but for a variety of reasons (redemption periods.

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If other banks also release hundreds of foreclosed homes each month, that could prompt prices to fall, he says. “We know the shadow inventory of foreclosures is there,” Smith says. “I don’t think 500.

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 · obama housing scorecard: housing faces long journey ahead Obama Housing Scorecard: Housing faces long journey ahead Shadow inventory rocked by foreclosure snafu lawsky: Our fight against nonbanks is just beginning Superintendent of Financial ServicesBenjamin M. Lawsky, said: "Arrests like these are just round one in the fight against no-fault.

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And because banks have gotten slower and slower at carrying out foreclosures-often because they don. There’s even a name for this reservoir of forfeited homes: “the shadow inventory.” Just how many.

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The Distressed Property Market and Shadow Inventory in Florida: Estimates and Analysis . Introduction . Florida was one of the states hardest hit by the real estate downturn. Delinquencies, foreclosures and short sales have become a significant part of the real estate market in Florida.