Who is expecting the foreclosures to pick up this year?

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April 15 2012 - Naples
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The Naples area Home values continue to improve. We keep hearing that banks own many foreclosures and will at some point release them onto the market. Still, in many specific communities like Lely Resort there are no listed foreclosures. Further, if did appear in the Lely Resort MLS and were a true value, they most likely would not last long.
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June 22 2012
They have to! Here in California I work in the Inland Empire and Central Valley frequently. The number of "Un-Listed" vacant homes in those areas is scary at best. Once the banks are allowed to process that inventory, we'll have another wave price softening and distressed product to deal with. 
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April 15 2012
 
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