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The Foreclosure “Shadow Inventory” Theory

Posted by: Carleton Sheets in Value, title, Real Estate Market, Real Estate, Lender, Housing Market, clear title on Jul 28, 2009.

Someone recently asked me my opinion on the so-called "shadow inventory" of foreclosures ... the bank-owned (REOs) foreclosures that aren't on the market yet. If you've read this Wall Street Journal article, you might come to the conclusion that it's a conspiracy by banks to "under-inflate" their inventory of REOs.

Have banks been holding onto the properties because they don't want to

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