Fears of an REO glut persist 
Part 1: Sizing up the 'shadow inventory'
By Matt Carter, Friday, April 16, 2010.
Flickr photo by D'Arcy Norman.There are lingering fears that the fragile recovery under way in many housing markets could be derailed by a "shadow inventory" of homes that have either been repossessed by lenders, are in foreclosure, or whose owners are behind on their loans.
An estimated 7 million homeowners are currently behind on their loans or in the foreclosure process -- roughly double the number two years ago.
Not all of those homes will end up on back on the market. Some homeowners will "cure" their delinquent loans through a loan modification or by refinancing.
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