shadow inventory: Calling for a Recall on Mortgages-There's an Idea!
- 02/20/10 05:58 AM
I was just reading an article in the Orange County Register about the shadow foreclosure inventory and it may not be a surprise but in Orange County there is an estimated 13 months of inventory not on the market. So as everybody wonders why the banks hold on to them, waiting for solutions a thought came to my mind. Let me know if you agree..... A mortgage is a product - Correct? If a bad product is sold to consumers, the manufacturer of the product is held accountable by various consumer protection agencies. Correct? And if it is a massive problem, … (10 comments)
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I was just reading an article in the Orange County Register about the shadow foreclosure inventory and it may not be a surprise but in Orange County there is an estimated 13 months of inventory not on the market. 
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