According to a very reliable source, there are thousands of foreclosed homes for sale in Sacramento alone. With what’s going on, there are hundreds of home buyers and investors who are lurking in the shadows, waiting for the opportunity to own properties that can be bought below market value. For more information please visit us at http://www.DavidYaffeeTV.com

1. The Latest Update In
Sacramento Real Estate
Foreclosed Properties
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2. The Latest Update In Sacramento
Real Estate Foreclosed Properties
According to a very reliable source, there are thousands of
foreclosed homes for sale in Sacramento alone.
With what’s going on, there are hundreds of home buyers
and investors who are lurking in the shadows, waiting for
the opportunity to own properties that can be bought
below market value.
©www.DavidYaffeeTV.com

3. The Latest Update In Sacramento
Real Estate Foreclosed Properties
Apart from the abovementioned homes, there are to be
foreclosed properties that are hidden neatly away on
banks' balance sheets, stalled in foreclosure court
proceedings, or simply occupied by nonpaying owners as
lenders wait months or years before taking action.
But these properties will be repossessed by banks in due
time
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4. The Latest Update In Sacramento
Real Estate Foreclosed Properties
The Sacramento housing market's ballooning shadow
inventory, buoyed by a yearlong foreclosure slowdown --
stands as its most menacing problem, threatening to stifle
recovery for several years.
According to some experts, this scenario will continue
until early next year.
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5. The Latest Update In Sacramento
Real Estate Foreclosed Properties
In Sacramento region, there are 5,000 homes that are
already owned by lenders or are ready to be foreclosed by
banks.
The number of shadow homes dwarfs the 2000 or so
homes that are listed on the active market.
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6. The Latest Update In Sacramento
Real Estate Foreclosed Properties
Even as prices have shown signs of stability this year, an
impending wave of foreclosures threatens to keep real
estate values deflated in the whole region and across the
State of California.
Lots of people and even investors don't understand how
much inventory is set to come online in the next two
years to come.
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7. The Latest Update In Sacramento
Real Estate Foreclosed Properties
According to a researcher, "When you compare what the
Realtors show is inventory to what's out there, you realize
we have a long way to go."
Though these shadow properties are routinely left out of
monthly reports by real estate trade groups, their
influence on home values has grown sharply in recent
years.
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8. The Latest Update In Sacramento
Real Estate Foreclosed Properties
In the supply-and-demand reliant real estate market, the
national supply of homes is officially listed at about 3.5
million, or nine months' worth of homes (home sales are
on track to reach about five million this year).
But once shadow inventory is added, that supply more
than doubles, to at least 7.5 million.
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9. The Latest Update In Sacramento
Real Estate Foreclosed Properties
A healthy housing market has about six months' supply of
properties, which would be about 2.4 million.
“The wave of homes set to hit the market in the coming
years consists of discounted distressed properties, which
tend to drag down neighborhood values.
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10. The Latest Update In Sacramento
Real Estate Foreclosed Properties
Economists insist that the housing industry will not
normalize and recover until most of the foreclosures work
their way through the system –
a process that will likely last several more years.”
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11. The Latest Update In Sacramento
Real Estate Foreclosed Properties
There are three categories of shadow inventory, these are;
Properties lenders have repossessed, but have not put up
for sale.
These homes are referred to as real-estate owned, or
REOs.
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12. The Latest Update In Sacramento
Real Estate Foreclosed Properties
Properties caught up in the clogged foreclosure process.
Properties that are severely delinquent in loan payments,
almost certainly headed for foreclosure but have not yet
entered the process.
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13. The Latest Update In Sacramento
Real Estate Foreclosed Properties
Shadow market can’t be calculated so easily but reports
have said that their estimations range from 1.6 million to
seven million homes.
The research firm who made the research used data from
several mortgage research firms, real estate trade group
figures and public records, found the following shadow
inventory in Sacramento.
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14. The Latest Update In Sacramento
Real Estate Foreclosed Properties
The research firm added that there are more than 5000
homes that are already owned by lenders but not yet for
sale, and 1,000 units whose owners have received an initial
foreclosure notice, or notice of default, but have not yet
been foreclosed upon.
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15. The Latest Update In Sacramento
Real Estate Foreclosed Properties
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