Dark Shadows - Are Lurking Foreclosures Sucking the Blood Out of Recovery?

Published: June 11, 2012, 1 a.m.

b'Shadow inventory is a term used to describe gobs of distressed properties, mostly single family residential, that isn\'t yet on the market. \\xa0Statisticians look at top down data like bank reports and public filings. \\xa0But what about a street level view?\\xa0\\nAtlanta, Georgia has been one of the stat leaders for foreclosures, so we thought it would be interesting to sit down with a guy who spends a lot of his time scouring the Atlanta market looking for distressed houses. \\xa0More foreclosures is good for buyers, but if you buy now and then get hit with a new wave of foreclosures, you could see your values take yet another dive. \\xa0Of course, if you\'re comfortably cash flowing you can afford to wait it out. But still, buying something that drops in value can be disconcerting. \\xa0It\'s called "catching a falling knife". \\xa0Then again, if you wait for a recovery to prove itself, you may miss out on some great bargains.\\xa0\\nSo we want to know: is a legion of zombie properties lurking in the dark shadows of the market - or are we on our way to a more stable and long term appreciating market? \\xa0Tune in and see what our special guest Ken Corsini says he sees when he ventures into the market looking for bargains. \\xa0\\nThe Real Estate Guys\\u2122 radio show provides real estate investing news, education, training and resources to help real estate investors succeed. Learn more and subscribe to the free newsletter at www.realestateguysradio.com'