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There’s blight at the corner of Happiness Street and Rainbow Avenue in suburban West Palm Beach. Despite the sunny names in a neighborhood where residents also live on Faith and Pot o’ Gold, two homes sit vacant, burned out, boarded up and part of a growing shadow inventory of foreclosed homes in Florida.
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"The Mortgage Bankers Association noted in a Thursday report that a four-year low in serious mortgage delinquencies and a drop in the percentage of loans in foreclosure for the third quarter suggest fewer homes are part of the shadow inventory that’s always threatening prices and creating market uncertainty." This is great news.
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Shadow Inventory in the D.C. Area Much of the discussion of the housing recovery has centered on the idea of a "shadow inventory of homes," those that are in serious delinquency or foreclosure and therefore are likely soon to be bank-owned. The shadow inventory is important because it is part of the excess
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WHAT is Shadow Inventory Shadow inventory refers to uninhabited or soon-to-be-unininhabited real estate that that has yet to be put on the market. It’s most often used to indicate properties that.
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Shadow inventory rocked by foreclosure snafu. Five years and 16 million foreclosures after the 2008 housing crash. A National Association of Realtors (NAR) report in October showed a 5.4 months’ inventory of homes for sale at the current pace,
Bank Shadow Inventory, Its Worse Than You Think | Bank Foreclosure Listings. The rise in short sales skews the whole concept of shadow inventory. I think the concept of shadow inventory has become much like the character who said "the sky is falling". The inventory is there.