Dirty Little Bank Secret for Foreclosures

In one of my earlier blog posts, I questioned where was this apparent foreclosure tsunami. As of yet I don't really see an inventory change in the San Diego. In southbay San Diego I have seen inventory prices come down on some of my upgrade buyers, but besides that, no real change in inventory. So the question still remains: Where is the tsunami?

Instead of the storm, let's find the clouds of preparation. The preparation indicator is vacant homes and the disconnect of responsibility between the banks and home owners. 

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Where is the Foreclosure Tsunami? 

Where is the Foreclosure Tsunami? Apparently myself, my clients, my blog readers, and pretty much all of San Diego county is waiting for this flood of foreclosed homes to hit the market. I have not seen it.

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