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Loan Modification

: Loan Modification & Home Loan News

Foreclosed shadow homes may take 5 years to sell

By Moe Bedard

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The shadow inventory of homes and other residential properties exceeds 6 million, which will prolong the recovery of the U.S. housing market. The inventory of properties that have not yet been completed as foreclosures, but are under distress represent a growing inventory to be absorbed by the market. The shadow inventory is composed of homes with [...]

Full post as published by Loan Modification & Home Loan News on March 31, 2010 (boomark / email).

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