Insightful piece and reality check on the status of Maricopa County's bank owned foreclosure inventory from The Cromford Report: The level of disinformation that passes for news and commentary can still provide surprises. An article today by Reuters contains the following: "Some of the biggest jumps -- such as the 10 percent year-over-year price gains in foreclosure-filled cities like Phoenix and Miami -- were largely due to banks holding back inventory. That's because of lingering legal problems from the so-called robo-signing foreclosure scandal as well as a reluctance to flood the market, according to CoreLogic's Khater". This … [Read more...]
