Over the last few years, new words have become part of our real estate vocabulary when discussing distressed properties. Terms such as ‘shadow inventory’, ‘cure rate’ and ‘short sales’ were introduced. Other words like ‘underwater’ and ‘upside down’ took on totally new meanings. Today, we want to add two additional words that we will be hearing often over the next year or so: ‘zombie foreclosures’ and ‘boomerang buyers’.
To read more please click this link: ‘Walking Dead’ and ‘Survivors’ in Real Estate.