| 30.09.2009 - Connecting the dots to the U.S. housing market recovery |
| From Marketoracle.co.uk: There is a “shadow market” of 2.7 million homes that are technically in foreclosure but are yet to be reclaimed by the lender, says a Wall Street Journal study today. While it’s no secret banks are kicking the can down the road on finalizing foreclosures (and consequently accepting the mortgage loan as a loss) this is the first guess at the total number of such homes that we’ve heard:....................Full Article: Source |