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The long predicted tsaumi of forecloses is not forthcoming. This, is according to Rick Sharga, SVPof Realty Trac. According to Rick, the bank will release the 'shadow inventory' to the market over the next couple of years in a controlled fashion.**
Our own Carlos Silva predicted the same in an article last August. see link
This way only makes sense,…Continue
Lennar Corporation, a Miami based homebuilder, is getting into the loan restructuring business by purchasing two loan portfolios from the FDIC with a combined unpaid balance of $3.05 billion for $243 million. That's 13.03 cents on the dollar.
It proves the old addage that "It takes money to make money."…Continue