“The number of months it will take to clear that distressed inventory from the market is on the rise”, according to the latest report from Morningstar Credit Ratings, and reported by DS News just last week. “It will take 49 months to work through the private-label RMBS sector’s distressed inventory given current market dynamics, Morningstar forecasts, as as high as 61 months in judicial states, where it takes longer for the foreclosure to work through the legal system. There are roughly 891,000 distressed properties more than 90 days in default.
Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
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Helping Short Sale Realtor home owners avoid foreclosure with a short sale.
Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.