Banks are holding back foreclosure properties.

Investors and home buyers beware.

Banks are up to the same old tricks.  This time they are holding on to properties and creating a shortage of inventory to boost up prices.   The problem with this strategy is that it creates a temporary bubble that will only extend the current market recovery.

Just drive around areas and you will see vacant homes that a deteriorating by neglect.   The FDIC needs to step in and stop this before we find ourselves doing this for 20 years.   The banks and laws created this mess, it's time for them to step up and be responsible for their lack of common sense that created this crisis.

This market recovery will not end until all foreclosure inventory has been off the banks books for at least a year.

Cabinet Buyers Beware Phoenix Cabinets

I am a rehabber in Chicago and have been having a hellish night mare.  A month a go we called a rep from Phoenix Cabinets, we told him exactly what we wanted.  He said he had it all in stock, that we would deliver it in 3 days.  10 days went by, several calls,  each time he said, it will be there by the end of the week.  Finally a month after we ordered them they arrived.  Now there was no lazy susan and 2 cabinets were wrong.   Instead of telling us right away they sent us the wrong cabinets, they nd told us to istall the wrong cabinets that the buyer will never notice.  O the buyer would have noticed that they would have no place to put their pots and pans.  Now after paying for everything I can't get the rep to call me back in a timely fashion.  Every time I call, this guy has a new excuse. At least a dozen. Also they told us all the cabinets would be wood. Two of the cabinets where press board and had a different color interior. I won't recommend Phoenix Cabinets to anyone. I would have rather paid more money and got the job done right.  Contact me if you can recommend a great cabinet company.