What is this talk of shadow inventory?

foreclosure_2

The last month there has been plenty of talk about shadow inventory. What is shadow inventory? It’s properties that have been foreclosed on by the bank that they haven’t relisted. Some banks are continuing to hold onto these listings and not put them on the market. This morning at the Windermere Kickoff event we heard… Read More

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DataSnap for auction help

Last Thursday at the Pierce County Auction I ran into a group called DataSnap. That had a lot of valuable information to share and I told one of their members, Zach Flowers, that I’d love for him to highlight how they assist investors purchasing at the auction. Here is a little bit about what his… Read More

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January 2010 Market Update and Trivia Question

Market Update January 2010 Last month showed more signs of a bright future for months to come. Of the seven cities in Washington reviewed all showed tremendous year over year growth. Auburn, WA has had a 5.1% increase in sold properties in the last twelve months, including an 86% increase of homes in escrow. The… Read More

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US Treasury Stepping in on slow moving banks (Reuters)

US Treasury sets guidance on housing short sales Mon Nov 30, 2009 4:15pm EST More Business & Investing News… NEW YORK, Nov 30 (Reuters) – The U.S. Treasury on Monday set guidance on a plan for mortgage companies to use “short sales” and other loan modification alternatives to stem a rising tide of foreclosures. The… Read More

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