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August 5th, 2010 4:22 PM

A teenager who graduated high school last May will finish college around the same time the market has moved through the shadow inventory of foreclosures built up from the recent financial crisis. That’s according to Morgan Stanley. The shadow inventory of homes with delinquent mortgages yet to move through the foreclosure process would take 47 months to clear at the current sales pace, almost four years.

A large portion of these are in California with Stockton laying claim to that as number one.  The banks are bending over backwards to get these approved as short sales as an alternative to foreclosure. 

If you need short sale help in Stockton, Manteca, Lodi, Acampo, Lathrop, or any surrounding San Joaquin community please give me a call today.

John Meyer

John Meyer Realty

209-598-8217

Posted by John Meyer on August 5th, 2010 4:22 PMPost a Comment (0)
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