LOS ANGELES (AP) — Melissa Hughett and her husband set out to buy their first home in the best buyer’s market in years, confident they would land a deal within a few months. The couple put offers on several homes, but lost them all to rivals who weren’t offering more money — just a...
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Daily Archives: February 18, 2010
Shadow Inventory of Homes to Take Nearly 3 Years to Clear
Shadow Inventory of Homes to Take Nearly 3 Years to Clear: S&P Posted By JON PRIOR On February 16, 2010 (1:03 pm) In Servicing/Default, Slider, Top Stories 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...
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