An estimated 600,000 foreclosed homes owned by banks and mortgage lenders nationwide haven’t been resold or listed, according to a report from the San Francisco Chronicle.
This so-called “shadow inventory” could drive home prices much lower if unloaded on the market, and clearly distorts the inventory picture that appeared to be improving.
In California alone, estimates of shadow inventory range from 80,000 to 100,000 properties.
I think these numbers need to be published on a state by state basis. Why, in the spirit of “Full Disclosure” its the right thing to do. Don’t you agree?
The UPS person brought me my Xshot today. It is a video and camera assiting device that allows you to take pictures and vidoes by yourself instead of having to hand your equipment to a total stranger.
This is my first ever product review so please leave a comment and watch it in HQ on the bottom right.
Do you rember the movie “Snow White and the Seven Dwarfs?” If you have kids or grand kids you have seen that movie at least 20 times. The characters from the movie consisted of Snow White, The Wicked Witch or Step Mother, the Dwarfs and the dude that kissed Snow White and brought her out of her comma.
My story begins with the wicked witch…..
I was returning from the Midwest and stopped for gas somewhere in Iowa. I got out to fill the gas tank and my wife (Camille) went in to gets some snacks and use the facilities. When i finished topping off my tank which I’m told is bad for the environment but I don’t care because no one has provided the evidence that it really hurts the environment, I to went inside to get my snack and use the facilities and buy a lottery . I walked down the candy isle and got a giddy feeling because I was able to find a Rocky Road bar, which I had not been able to find the entire trip. I shot over to the cold beverage area to get my Red Bull and walk to the counter to pay. I was greeted with
Yes, the lady behind the counter looked exactly like the Witch from Snow White. She had the same look and the same laugh. I was waiting for her to say to my wife “Oh arn’t you pretty my dear!”
We paid for our treats, lotto tickets and while walking out I truned to Camille and said, ” I wanted to ask her how bad she felt when she gave Snow White the poisonous apple.
Camille responded with “Real Mature —– Real Mature!”
Here’s the funny part – After I win the lottery tonight, I get to go back and share some of my winnings with her.
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