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Fed's Duke: U.S. level of vacant homes is "extraordinary"

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  • Larry Fleckinger | | 08 Oct 2012, 02:19 PM Agree 0
    Tons of vacant homes...we have a boatload of buyers ready to buy and our inventory is at a 6 year low...banks are not pushing through short sales...they are still taking WAY TOO LONG! I have 4 that are going on over 7 months....I am not alone.
  • William Matz | | 08 Oct 2012, 05:53 PM Agree 0
    There will be more vacant homes. As I predicted 10 months ago, foreclosures are shooting up again, now that the big banks finalized their settlement with the attorneys general. In our CA county of <500k people I am seeing days with 10, 12, 14 new foreclosure sale notices. And that is just one of about six papers in the County. So the predicted wave of REO is happening.
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