Lisa Wiseman
Posted Tue May 11 05:23PMMedia sources are reporting that the market is showing signs of recovery as prices are rising.
Whoa, Nelly. Don't shoot the messenger. As with any major reovery, we all know it takes a long
time, possibly years. Unemployment has been and will be a key indicator. Also, as you know,
if you have been receiving my emails, following my blogs and the reliable media, there are millions
of homeowners who have yet to receive Notice of Defaults and foreclosure notices. The
government programs have not even put a dent in the situation-the bureacracy is just too big.
They will have to proceed sometime. I receive regular updates on these NODs, and they are
increasing. You may also notice in the local papers that trustee sales are also on the rise this month.
So what we are seeing now is the usual traditional spring sellers (not your REOs or short sales) ,
not as many as usual, but these sellers most likely are anticipating this and taking advantage of what may be a small window of vopportunity.
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