San Diego Homes

What’s Up With The Shadow Inventory of Foreclosures?

The inventory of foreclosure homes dwindled in the 4th Quarter of 2010. Foreclosures dropped 51% in the 3rd quarter of 2010. Does this mean that the worst of the challenges with the distressed properties are behind us? Unfortunately, no. The issues that the banks had with the Robo-signing and MERS just caused a slow down of the foreclosure process dramatically. Foreclosures aren’t disappearing; they’re just being delayed.

If you think waiting to sell your home is a wise strategy, call Mindi Landry, an Escondido Realtor with 34 years of experience. She’ll give you the bold truth about the local real estate market. Give her a call at (760) 737-3767.

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