Northern Illinois Real Estate – Shadow Inventory. What is it? A great article on it.

shadow inventory

A meaningful recovery is being prolonged in a big way by the amount of distressed residential properties.    There is an increasing  backlog of distressed properties that need to be liquidated and then resold that have still not shown up on the market.   This is a shadow of real estate inventory that is threatening to drive the value of homes down.  

Shadow inventory are properties that are REO (real estate owned), properties recently or currently in foreclosure status, or the borrowers aer 90 days or more delinquent on their mortgage payments.  

Read this article on the Shadow Inventory  from www.DSNews.com, I found it very informative.

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