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Banks Holding On To Toxic Real Estate Assets

Posted by: Tim Halbur

14 August 2009 - 5:00am

The Congressional Oversight Committee tasked with looking into the economic crisis says in a new report that there is a continuing risk of banks holding onto troubled assets, including real estate. Minnesota Public Radio talks to noted experts.

Guests include Elizabeth Warren, Chair of the Congressional Oversight Panel; John McIlwain, chairman of the Center for Housing Policy; and Richard Green, Dean of USC's Lusk Center for Real Estate.
Full Story: How the real estate bubble continues to shake up housing
Source: Minnesota Public Radio, August 12, 2009
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Too much inventory. . .

Submitted by rehava on Fri, 08/14/2009 - 15:26.

As a buyer's agent in Charleston, SC we get to see the impact of the foreclosure market from both sides. Buyer's love the idea of getting a deal of a lifetime, but the process and long waits when dealing with the banks have really turned many of our buyers off from bank-owned and short sales. With so much inventory out there it's a challenge to say the least to turn home sellers into home buyers. When will we see this inventory be absorbed?

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