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[…] this big national picture, there appears to be a good ebb and flow but it depends on what amount of shadow inventory will be released in your town to determine the potential effects on pricing as the year […]
[…] Roadmap Included in Mortgage Settlement http://www.kcmblog.com/2012/02/14/forecl… There has been much written on the recently negotiated National Mortgage Settlement. Most of […]
[…] Foreclosure Roadmap Included in Mortgage Settlement. Share this:TwitterFacebookLike this:LikeBe the first to like this post. This entry was posted in Uncategorized. Bookmark the permalink. ← HouseLogic | REALTOR® Content Resource | 10 Common Errors Home Owners Make When Filing Taxes […]
[…] So now the millions of backlogged foreclosures are going to come on the market. Sometime. […]
Where is the roadmap? Can the public get a copy of it? (Seriously.)
The word ‘roadmap’ symbolizes the effect of the settlement. The banks now know what activities they will be penalized for. Therefore, they also have found out how to properly proceed forward without penalty. There isn’t technically a roadmap attached to the settlement.
With the govt agreeing to sell in bulk to institutional investors , impact on prices should be minimal