I liked the article too. I didn't know you were part of NRBA. I wish I could join, but alas haven't sold REOs for 3 different companies yet, just two and one was a year or more ago. Hopefully I will get the chance some day to join.

10 ORDERS FROM LS IN THE LAST HR....... YEAH !

Thanks Artiste!!! That is an awesome perspective and one I am embracing after the day I have had.

I wrote two rants there, the other one is major wisem A--.

Yes millions more foreclosures on the residential side over the next few years.You will have pockets that have recovered.

It's not stopping anytime soon.

This is a copy of a post on LinkedIn from a lawn care service with on goingcontracts for REO properties.
It was a response to Shadow Inventory comments.


"I am not a broker and have no expertise in that arena but if Inventory sitting and waiting in imaginary pipelines has been a HUGE bogeyman......how come out of the 168 lawns my crews cut last week only 13 had for sale signs. Also about half of them we have maintained for going on 2 years. If there was not a "shadow" inventory we would not be as busy as we are in the reoccurring services division."

There are some economists who are not propagandists who are challenging that we are in a double dip. According to them we are still on the first decline. Never went up enough to consider it a change in direction on an upside to give us a double dip.

Grampa:

That kind of reminds we of whenever I hear a government spokesperson saying we are in a "fragile recovery". Do you know of anyone personally who is currently recovering fragilely?

Also another good one is when the government says that the numbers are worse than expected, yet they never really say what those expected numbers are!