Coldwell Banker Premier Realty

The Shadow Inventory Debate Continues

Can homes come out of the shadows enough to hurt prices?
Posted by John McClelland on March 12, 2013 in  AB 284  genting  hedging  housing  las vegas  negative equity  REIT
Recently there has been a lot of talk regarding shadow inventory, negative equity and Nevada Assembly Bill 284. AB 284 requires an affadavit of authority which states that the signatory has personal knowledge of the documents required for a proper foreclosure. This has lead to a sharp drop in notices of default, the first step in the foreclosure process. However, I don’t think that AB284 should get all of the blame. Certainly it has had a major impact but we shouldn’t look at it in isolation. Lack of inventory is a... read more
| 0
  • 1

 Categories