Thursday, April 9, 2009

California foreclosures to rise dramatically soon?

Mr. Mortgage has finished his move and is starting to post. He has lender specific data from ForeclosureRadar and he believes by mid-summer foreclosure / REOs should rise dramatically. I was speaking to a local REO broker a couple weeks ago who said he was hearing from his "AM" (asset managers) that to get ready by mid-summer for a rush of inventory. Right now the market is running out of motivated inventory so any new well priced inventory would be a welcome addition.


I recommend going over to Mr. Mortgage's new blog and reading the whole post but I will post the following graphic to whet the appetite:

2 comments:

Anonymous said...

Monthly foreclosure information & research would be great if you can swing it. Really enjoying the blog.

Noz said...

I'd be willing to pitch in if it means I don't need to sift through all the BS from other sites!