Gotta love anything to do with foreclosure transactions. One third of all 2008 transactions involved borrowers forced out by banks.
- some not so happy news updates:
According to Mark Hanson, Managing Director of Field Check Group there is a 21 month "shadow inventory" supply of inventory in California.
According to RealtyTrak 66% of all foreclosures have not made it out in workout yet.
Redefaults are picking up (secondary defaults within the past 2 years). And the Alt-A and Jumbo Prime horror story will soon be showing at a theater near you.
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