I have been selling reo properties for over 20 years and things were great. Now for the last 3 years most are gone and all short sales are being sold. But what happened to all those vacant homes that are just sitting there? where are all the fc that should be happening to the loan mods that couldn't be helped? Any ideas from anyone when we might see the next wave of vacant properties to hit? Also where is all the inventory from these banks?
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Thank you. Here in MA there is quite a shortage of properties but many people are in trouble and just walking away.
I did a little bit of research and they are still foreclosing on properties but most of them are being purchased at the Trustee Sales by investors.
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