North Scottsdale Foreclosures – I will put it out there for you so you can appease that part of your brain that likes negative comments more than positive ones. The answer is YES; we will see more North Scottsdale Foreclosures and plenty more valley wide as we still have a pipeline of Shadow Inventory. It is very interesting to hear Foreclosure prognosticators, with past evidence of inflating numbers and proven inaccuracy, continue to have followers believe there is a “Tidal wave of foreclosures” to come, using the quote from Michael Orr of the Cromford Report. The reason they continue to shout a far worse foreclosure future is because they are selling the foreclosure data or just looking for more Media spotlight, and want potential sellers and buyers of investment homes to use their services BUT THE GIG IS UP!!!!!! … Check out the Video of our chemistry experiment demonstrating the truth about see video on Shadow Inventory!
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July’s foreclosure data recently released by the Cromford Report shows that Shadow Inventory is off 50% from the highs. I still hear Zillow’s and Realty Trac’s leadership throwing out empty promises while the opposite continues to ring true, foreclosures and housing inventory are dropping at an alarming rate, so it is plain and simple. Next year at this time, foreclosures will no longer be a substantial part of the market in Phoenix/Scottsdale.
I challenge any one to a one on one debate in front of my video audience to show me empirical evidence to the contrary!
The numbers thrown out by economists are vague and non-specific and very inaccurate, when describing Phoenix/Scottsdale Real Estate Market. I wanted to take this opportunity to explain Shadow Inventory (see video). We demonstrate how much Inventory is really out there including all people 30+ days late and explain why Foreclosures are winding down.