Just wait until the foreclosures finally hit the pipeline next year. With all of the moratoriums and extensions, they have delayed the inevitable.
“With all of the moratoriums and extensions, they have delayed the inevitable.”
I’m just seeing a lot of waaaaay overpriced homes with sellers standing around waiting for the one sucker to arrive. They know that the market stinks except, of course, in *their* little corner of the universe. The buyers think otherwise and nothing is moving as a result.
>>With all of the moratoriums and extensions
Actually, the malfeasance is on the banks, they often don’t have the legal title, the rush to digitise meant paper was tossed, handled cavalierly and the banks showed a general disregard and contempt for established legal practices.
People have wisened up and are demanding to see actual titles before they are foreclosed on.
The slowdowns in foreclosures are caused by the Banks and the mortgage holders themselves.
Some people are getting a chance to hold on to their properties.
The rest is human nature, wishful thinking that they will find the buyer who’s willing to pay what the seller thinks the house is worth.
Property is moving, but when realistic sellers price it at the level of the early part of the century’s decade.