Essentially the banks are holding onto these properties because of what happened last year with the robosigning scandal and they put a hold or stop to a lot of the foreclosures. So that has kind of created a bottleneck and that shadow inventory is sitting and waiting in the wings to start coming on the market. The indications that I have right now is that Wisconsin has about 0-5 month (supply) of shadow inventory. Thats really good compared to some other states.
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