Due to an early April decision by the Department of Housing and Urban Development (HUD), REO homes will hit the market even sooner than before, resulting in more properties on the market at the same time and a greater need for REO specialists.
Search results for foreclosures
Is Paying Cash for Foreclosures Hurting HUD Programs?
Posted by mooremary101 (#560) 41 days ago (http://blog.gohoming.com)
The presence of so many foreclosed homes serves the function of driving down home prices. So even though HUD is spending millions to purchase and refurbish foreclosed homes, the majority of them wind up in the clutches of real estate investors.
To understand this perceived threat and its possible impact on real estate markets, you have to know what the shadow inventory really is. Unfortunately, the definition of the shadow inventory really depends upon which experts you’re listening to.
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