Getting a good deal on REO (Real Estate Owned) home can definitely happen but don’t over look these mistakes when buying a foreclosure in Minnesota. Buying a foreclosure in an area that is populated with bank owned property is a surefire signal that prices could be held down for years to come. Just because it [...]
Shadow inventory waiting…
May 6, 2009 By 1 Comment
Shadow inventory, what is it? Homes or inventory that hasn’t hit the market yet. Sure pending home sales are on the rise and inventory might be tightening up, but banks have been holding onto properties. Making sure they don’t flood the market. Remember that/those foreclosure moratoriums that were set into place by different lending institutions? [...]
