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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.
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Shadow inventory rocked by foreclosure snafu. Contents. Foreclosure impact pending home;. Shadow Inventory: A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners are delaying putting on the market until prices.
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The shadow inventory however is slightly different from the inventory just described above. The shadow inventory can best be defined as the homes that are very likely to be up for sale soon but are not right now. A majority of these homes that make the shadow inventory are homes that have been foreclosed.
Home Shadow inventory contracts as investors snap up foreclosures .. which will help absorb the already real estate-owned properties and foreclosed properties in the shadow inventory in 2013.
Shadow Inventory: More Houses Will Soon Be Available for Sale.. These resets pose an increased risk for the years ahead, and may lead to more foreclosure inventory in all states.
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In a nutshell, it’s quite simple, and frankly, very good news for those of us in the REO business, selling foreclosures for banks. Watch this video and you’ll see that we are merely in the eye of the REO storm, as it appears that the Shadow Inventory bubble is preparing to burst and provide us with opportunities to sell REO homes like never before.