Sitting on Inventory won't "fix-it"? But sitting in your chairs, releasing the flock of foreclosed properties might be a good start....

This is the million or is it billion of dollars - question or ponder! Are the banks sitting on Rock Bottom or is it just Excess Inventory? And what is sitting on inventory doing to help? Will they let the previous buyers buy back their own properties? Will they rent out the properties? Or will they just let them sit, sit, and be torn up by either the elements or stressed out people? Who knows?

Is the foreclosure / market situation kinda like...... if instead of a continual 40 days of rain - back during Noah's days, if God had decided to do only 20 days at first, then wait or say a few days later and then let the other 20 days come down and it catch up with the first 20 days? Still a flood right?

So by having moratoriums and hold up and sitting in on inventory is not stopping the flood. It is simply causing "build up". It's giving a false picture that the flood won't be so bad, but then we still have that other 20 days to worry about. Of course, in our market situation it has and will be way more than 40 days! And we are already flooded! No matter how you frame it, still a bad picture.

We have an (X) amount of inventory out there (does anyone really know how much), just lined up to go through the Asset Managers assigning process, agents doing the preservation, listing and selling of the properties that will be (hopefully) priced to sell. Never mind, the issue that these vacant homes are going to hell and back by being vandalized, pest and other elements are taking over and on the other hand there is a staggering number of previous homeowners that are out on the streets (some fortunate enough to be able to live with other family members, some are renting or trying to and other are just lost in this situation).

We still have these and other reasons that will cause even more foreclosures to come down the pipeline:

• the stated income loans
• option arm loans
• loss of jobs now and later on down the line
• other hardships that will pop up

We (the public) still have questions:

• How many homes do we have that the banks are sitting on
• How many are lined up for the next wave and most important;
• When will the banks get up off the inventory that they have now?
• How long, when and why is it taking so long -
• Do you guys understand that no one is benefitting from these properties just sitting some place - vacant.
• What is that really all about?

Banks get up off your inventory (or behinds) and let's get this ball rolling. You can't sit on inventory and have it do a disappearing act and be gone!

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Take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Family Realty Group and we also focus in Short Sales and the Pre-Foreclosure process and REOs/Bank Owned Properties. Our aggressive marketing plan includes on-line listing advertising.

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If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-750-8282 or email at US.