Share 'Breaking News: Defaulted Owners Living Payment Free For 900+ Days'
May 12, 2011 ·
New evidence is out from RealtyTrac (and CNBC) that the banks ARE sitting on homes that…in a normal world…would of been long since been sold as REOs. In other words, the ‘Shadow Inventory’ is growing….
Nationwide the average defaulted owner is staying in their home, PAYMENT FREE for 400 days. Lets be clear what this really means. Non-paying owners are keeping possession of their h…
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