Vern Callero's (vision2vern) Blog

The shadow inventory is growing and all of these homes are going to have to be turned back on the market.  REOs appear to be place to be if you are an agent in 2011 an beyond. Thoughts? Comments? http://fxn.ws/flyk1r

A STAGGERING AMOUNT OF REOS COMING The October 2010 US foreclosure numbers are in and it’s not pretty. It is the 20th consecutive month more than 300,000 households have received a foreclosure notice. Compare this to 2005, when just 550,000 received notices for the whole year. In all, there were ...

So here's the question that needs to be answered to determine how long it will take for the supply of homes on the market to begin to stabilize:   How many homes in your market are hiding in the shadows?? Some well known ratings agencies say seven million homes in the "shadows" will take 40 month...