For a number months now I've been telling reporters and others that I didn't think we would see the big wave of foreclosure sales, and subsequent REO listing that some have been predicting. Until recently that was mostly based on a gut level feeling that banks (servicers) simply didn't have the will to complete more foreclosures given the anti-foreclosure backlash. With a little hindsight, things have become clearer.
Waiting to catch a wave? Surge of REO listings is unlikely.
August 9, 2009 By
