Upcoming Foreclosures

Is it true that banks have a lot of unlisted foreclosures?

There is a rumor that says "banks have a lot of unlisted foreclosures". If they would list all the foreclosures, the market would crash immediately. Who do you think?

Public Comments

1. no. they have a lot of properties in the pipeline. they are all coming to market but it can take a few months. a bank would not intentionally not list a property that it needed to sell. if property is still in redemption period they do not list it.
2. Foreclosure is a legal event, and all foreclosures are on the public record. a bank may have toxic loans that havent gone to foreclosure, however they are required by the government to report those as well.
3. In Californiam you can look at the newspaper's business section and look at the real estate or legal section. There are foreclosure notices.