Based on the first-quater 2012 data, Standard & Poor's Rating Services predicts that it will take 46 months to clear the market’s supply of distressed homes, or the shadow inventory. For those of you who are bad with math, about 2 years!
Distressed homes can be defined as all outstanding properties on which the mortgage payments are 90 or more days delinquent, properties in foreclosure, and properties that are REO.
More news that the market is stabilizing and has began to recovery.......
To read this great article by Carrie Bay of DCNews.com, click here.
Distressed homes can be defined as all outstanding properties on which the mortgage payments are 90 or more days delinquent, properties in foreclosure, and properties that are REO.
More news that the market is stabilizing and has began to recovery.......
To read this great article by Carrie Bay of DCNews.com, click here.
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