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Florida perspective of shadow inventory (Noma: real estate market, foreclosures, loans)

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Unread 09-26-2009, 06:43 PM
 
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Default Florida perspective of shadow inventory
This article does a good job of explaining the shadow inventory and the negative impact it will have on the real estate market.

The "Shadow" Foreclosure Inventory - The Atlantic Business Channel

It is like pulling off a band-aid ~ do it quickly and get the pain over. Do it slowly and it is a huge OUCH!
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Unread 09-26-2009, 06:48 PM
 
Location: Palm Bay, FL
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My question for the op is is it just FL or in truth nation wide?
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Unread 09-26-2009, 06:54 PM
 
376 posts, read 405,372 times
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Nomadicus ~ I am in SW Florida, however shadow inventory is an issue for everyone. Here is another article link:

Housing Crash to Resume on 7 Million Foreclosures, Amherst Says - Bloomberg.com
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Unread 09-26-2009, 06:59 PM
 
Location: Palm Bay, FL
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I think to many people built bigger and better than their wallets.
Last edited by Nomadicus; 09-26-2009 at 07:10 PM..
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Unread 09-26-2009, 08:00 PM
 
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Nomadicus speaks the truth.
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Unread 09-26-2009, 08:05 PM
 
Location: Palm Bay, FL
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Banks, Builders, & Buyers. The 3 B's of the proBlems.
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Unread 09-28-2009, 04:09 PM
 
Location: Heartland Florida
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The lower that real estate goes, the more debt evaporates. The lower real estate goes the lower property tax revenue will ultimately be. A housing crash stops population growth in Florida. What's not to love here? Just wish these loans would be written down so our property values can fall hard and fast. Once the real estate bubble is gone and foreign investors have been spooked we can get down to building a real economy.
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