We, meaning us real estate agents, keep waiting for those bank-owned properties to hit the market, so we have more choices to show our buyers. We wait, and wait and wait. The word is they're coming. We've been hearing that since last January. Right?
I hear from my real estate sources that the auction dates are being pushed back on foreclosures. I know in some of the areas I farm, there have been vacant homes for over a year. When I research them, I discover a mortgage, but not even a notice of default having been filed. What's going on? This phenomena seems to be national, not just local.
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