the second wave of foreclosures has been rumored more than the past 2 years now. Everyone has been waiting for it to hit. But it's appearing like it may not. The banks have started to wise up. Between selling in bulk off the MLS, and embracing short sales over foreclosures, and trickling out the inventory they do have on their books, it appears they may be successful in preventing that second wave. Even if they do release the wave, it seems like demand is there now to absorb it. Consumer sentiment has completely changed, and money from Wall Street and international investors is buying up all the distressed property as soon as it hits the market. All that said, I hope you're right- I want to buy up multiple properties at disount, but with the way prices have begun to rise lately I get the impression the window of opportunity to buy at a discount is closing quickly.
