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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (910)	8/20/2012 4:48:52 PM
From: John Vosilla	1 Recommendation Respond to of 2722

We are hearing here that most of the foreclosed properties have been put in the market and there is not that much left. May be wrong but that's what's getting reported. Well that is what EVERY Realtor down here has been saying in recent months too.. I can tell you much of the inventory was cleared out due to so few foreclosures in the pipeline the past 18 or so months so there has been a shortage this spring and summer. But new lis pendens are way up over 2011 and 2010. I think it really started accelerating again late last year and only a matter of tine for the next wave or two to hit... As I continue to source deals checking public records daily I still see a ton of properties that are way upside down and a part of shadow inventory still unresolved.. You obviously won't see this as much in places where values haven't fallen down as much, there wasn't as much new construction during the bubble, the local economy not as tied to housing and a strong stable base of long time owners that didn't all get caught up in the ponzie scheme of 2003-07.. I guess a good example of micro markets even within a region such as the LA coastal communities versus say the inland empire