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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (128178)6/10/2008 10:18:42 AM
From: John VosillaRespond to of 306849
 
REO's disguised as flippers? That part I'd agree with that is part of the 'shadow inventory'. They are buying bulk packages of mortgages and running em through foreclosure too. I actually see a few now being discounted enough that investors are buying at the steps. Saw some Indymac and Freemont loans discounted 80% off of face giving some lucky investor decent equity going into the deals. Going to be quite common later this year for sure<g>


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