Currently Browsing: Shadow Inventory

2nd Year of Record Foreclosures Expected!

2nd Year of Record Foreclosures Expected!
Colorado Still Top 10 in Foreclosures! What may be the worst year in the foreclosure crisis may have just begun! Banks repossessed 1 million homes last year alone. That’s the most amount of homes lost to foreclosure going back to 2005. One in 45 households received a foreclosure filing last year. 1 in 45 translates to 2.9 Million homes. “2011 is going to be the peak” said Rick Sharga, a senior vice president at RealtyTrac Inc. Sharga’s firm predicts 1.2 million homes will be repossessed this year by lenders. 1.2 million homes seems to be the conservative estimate, too! Mark...
read more

Shadow Inventory-Economic Recovery’s Ball and Chain

Shadow Inventory-Economic Recovery’s Ball and Chain
Shadow Inventory A Long Term Issue Shadow Inventory is typically defined as loans that are delinquent, in foreclosure, or real-estate-owned (REO) by the servicer. Recently Fitch ratings estimated the shadow inventory to be as much as 7 million homes. More recent reports have pared that number to 4 millions homes. The time between a borrower’s last payment and liquidation has been increasing over the last several year’s and has reached a high of 18 months. That represents the highest figure on record. It is important to note that figure had recently began to decrease. However, the recent...
read more