In speaking to some of my friends and relatives who still live there, I learned that the state’s ongoing foreclosure glut has resulted in an interesting phenomenon — a "shadow" inventory of.
There’s blight at the corner of Happiness Street and Rainbow Avenue in suburban West Palm Beach. Despite the sunny names in a neighborhood where residents also live on Faith and Pot o’ Gold, two homes sit vacant, burned out, boarded up and part of a growing shadow inventory of foreclosed homes in Florida.
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Tampa foreclosures in shadow inventory may further push down prices in the area this year if they are finally released to the market. A real estate consultant contends that there are more than 14,000 homes in shadow inventory.
rotate casually: younger Disraeli Shadow inventory rocked by foreclosure snafu Thousands of stalled and vacant condo units that were being held off the market – so-called shadow inventory – threatening to add.
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Everyone knows about the shadow inventory of foreclosed houses. But how about the zombie inventory? That’s the term coined by a January 2013 Reuters report on homes abandoned by their owners after receiving a notice of foreclosure from their bank. But here’s the catch: in these cases the banks never follow through on the foreclosure, [.]
Foreclosure time lines and an abundance of distressed home sales are causing wide fluctuations in shadow inventory across the country. The National Association of Realtors released state-by-state.
Other New York counties are taking Brooklyn’s lead in dealing with Queens foreclosure cases.. Shadow inventory rocked by foreclosure snafu HUD expands energy conservation challenge to apartments "California’s Housing Future: Challenges and Opportunities", provides in depth research into California’s far reaching housing challenges.
Shadow inventory is whereby the owner of the property is no longer making mortgage payments and yet has not listed the property, so it sits in the shadow. Most of these homes will become short sale properties and the rest will eventually become foreclosures. The only inventory available to a buyer is active inventory.