http://loanworkout.org/2009/03/shadow-supply-of-foreclosures-may-delay-housings-recovery/ Loan Modification & Home Loan News Fri, 20 Nov 2009 12:55:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://loanworkout.org/2009/03/shadow-supply-of-foreclosures-may-delay-housings-recovery/#comment-13365 ‘Shadow’ Supply Of Foreclosures May Delay Housing’s Recovery Wed, 25 Mar 2009 14:28:47 +0000 http://loanworkout.org/?p=3619#comment-13365 [...] Random Feed wrote an interesting post today onHere’s a quick excerpt“Everybody is stalled 100%; the lenders aren’t doing anything” with modifications, said Moe Bedard, president of Loan Safe Solutions, a Corona, Calif.-based firm that does mortgage auditing for attorneys. Some shadow inventory may not be listed publicly because some lenders sell foreclosures via in-house divisions, says Bedard. Or, lenders may be selling the defaulted paper to investors. But these gray market sales can’t account for all unlisted foreclosed properties. [...] [...] Random Feed wrote an interesting post today onHere’s a quick excerpt“Everybody is stalled 100%; the lenders aren’t doing anything” with modifications, said Moe Bedard, president of Loan Safe Solutions, a Corona, Calif.-based firm that does mortgage auditing for attorneys. Some shadow inventory may not be listed publicly because some lenders sell foreclosures via in-house divisions, says Bedard. Or, lenders may be selling the defaulted paper to investors. But these gray market sales can’t account for all unlisted foreclosed properties. [...]

]]>