Shadow inventory rocked by foreclosure snafu

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View all Wyckoff, NJ short sales currently on the real estate market. Get an amazing deal by purchasing a short sale property.. Shadow Inventory (3) preforeclosures (22) sheriff sales (2) Short Sale (1). Tax foreclosed homes are available for pennies on the dollar – as much as 75 percent off full market price (and more)!

Shadow inventory refers to real estate that owners plan to sell but are. It's most often used to indicate properties that are in foreclosure but.

Charlotte & Lake Norman Foreclosure Homes Bank "Shadow Inventory" Shadow inventory rocked by foreclosure snafu New homes sales tumble 11.4% in March Thus, while sales of existing properties saw a notable gain in March-rising more than 6%, on an annualized basis, to their highest level in 18 months-transactions involving new homes, tumbled by 11.4% in the latest month, to just 481,000 units, as measured.

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Shadow Inventory: A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners are delaying putting on the market until prices.

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Shadow inventory is expected to last 51 months in New Jersey, 32 months in Utah and and 38 months in New Mexico. The report offers more evidence that the worst of the foreclosure crisis remains.

 · Not every foreclosure is a bargain, and some can morph into unexpected nightmares. There are drawbacks to buying foreclosures. Still, some foreclosed homes are diamonds waiting to be polished. Inexperienced foreclosure buyers might want to hire a real estate agent for guidance and assistance. There are several ways to find foreclosures.

The current supply of pending foreclosures equates to a roughly six-month supply, the report indicates. The level of these properties in July 2011 was 2.6 million units. One million of the 2.3 million.