The Latest Update In Sacramento Real Estate Foreclosed Properties

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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.

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The Latest Update In Sacramento Real Estate Foreclosed Properties

  1. 1. The Latest Update In Sacramento Real Estate Foreclosed Properties©www.DavidYaffeeTV.com
  2. 2. The Latest Update In Sacramento Real Estate Foreclosed PropertiesAccording to a very reliable source, there are thousands offoreclosed homes for sale in Sacramento alone.With what’s going on, there are hundreds of home buyersand investors who are lurking in the shadows, waiting forthe opportunity to own properties that can be boughtbelow market value. ©www.DavidYaffeeTV.com
  3. 3. The Latest Update In Sacramento Real Estate Foreclosed PropertiesApart from the abovementioned homes, there are to beforeclosed properties that are hidden neatly away onbanks balance sheets, stalled in foreclosure courtproceedings, or simply occupied by nonpaying owners aslenders wait months or years before taking action.But these properties will be repossessed by banks in duetime ©www.DavidYaffeeTV.com
  4. 4. The Latest Update In Sacramento Real Estate Foreclosed PropertiesThe Sacramento housing markets ballooning shadowinventory, buoyed by a yearlong foreclosure slowdown --stands as its most menacing problem, threatening to stiflerecovery for several years.According to some experts, this scenario will continueuntil early next year. ©www.DavidYaffeeTV.com
  5. 5. The Latest Update In Sacramento Real Estate Foreclosed PropertiesIn Sacramento region, there are 5,000 homes that arealready owned by lenders or are ready to be foreclosed bybanks.The number of shadow homes dwarfs the 2000 or sohomes that are listed on the active market. ©www.DavidYaffeeTV.com
  6. 6. The Latest Update In Sacramento Real Estate Foreclosed PropertiesEven as prices have shown signs of stability this year, animpending wave of foreclosures threatens to keep realestate values deflated in the whole region and across theState of California.Lots of people and even investors dont understand howmuch inventory is set to come online in the next twoyears to come. ©www.DavidYaffeeTV.com
  7. 7. The Latest Update In Sacramento Real Estate Foreclosed PropertiesAccording to a researcher, "When you compare what theRealtors show is inventory to whats out there, you realizewe have a long way to go."Though these shadow properties are routinely left out ofmonthly reports by real estate trade groups, theirinfluence on home values has grown sharply in recentyears. ©www.DavidYaffeeTV.com
  8. 8. The Latest Update In Sacramento Real Estate Foreclosed PropertiesIn the supply-and-demand reliant real estate market, thenational supply of homes is officially listed at about 3.5million, or nine months worth of homes (home sales areon track to reach about five million this year).But once shadow inventory is added, that supply morethan doubles, to at least 7.5 million. ©www.DavidYaffeeTV.com
  9. 9. The Latest Update In Sacramento Real Estate Foreclosed PropertiesA healthy housing market has about six months supply ofproperties, which would be about 2.4 million.“The wave of homes set to hit the market in the comingyears consists of discounted distressed properties, whichtend to drag down neighborhood values. ©www.DavidYaffeeTV.com
  10. 10. The Latest Update In Sacramento Real Estate Foreclosed PropertiesEconomists insist that the housing industry will notnormalize and recover until most of the foreclosures worktheir way through the system –a process that will likely last several more years.” ©www.DavidYaffeeTV.com
  11. 11. The Latest Update In Sacramento Real Estate Foreclosed PropertiesThere are three categories of shadow inventory, these are;Properties lenders have repossessed, but have not put upfor sale.These homes are referred to as real-estate owned, orREOs. ©www.DavidYaffeeTV.com
  12. 12. The Latest Update In Sacramento Real Estate Foreclosed PropertiesProperties caught up in the clogged foreclosure process.Properties that are severely delinquent in loan payments,almost certainly headed for foreclosure but have not yetentered the process. ©www.DavidYaffeeTV.com
  13. 13. The Latest Update In Sacramento Real Estate Foreclosed PropertiesShadow market can’t be calculated so easily but reportshave said that their estimations range from 1.6 million toseven million homes.The research firm who made the research used data fromseveral mortgage research firms, real estate trade groupfigures and public records, found the following shadowinventory in Sacramento. ©www.DavidYaffeeTV.com
  14. 14. The Latest Update In Sacramento Real Estate Foreclosed PropertiesThe research firm added that there are more than 5000homes that are already owned by lenders but not yet forsale, and 1,000 units whose owners have received an initialforeclosure notice, or notice of default, but have not yetbeen foreclosed upon. ©www.DavidYaffeeTV.com
  15. 15. The Latest Update In Sacramento Real Estate Foreclosed PropertiesLooking for Sacramento Real Estate properties?Then visit us at www.DavidyaffeeTv.com !We offer great quality Sacramento Real Estateproperties! Visit us now! ©www.DavidYaffeeTV.com
  16. 16. The Latest Update In SacramentoReal Estate Foreclosed Properties Brought To You By ©www.DavidYaffeeTV.com

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