even if they do release the inventory I think we're way beyond the point where you can expect to stroll into a foreclosed listing and be the only one writing an offer.
I did that 2 years ago. I was one of the people who walked in, trashed talked the house, offered 20% below asking price.. and the bank accepted my offer.
Now there will be a bidding war for every one of them.
There does come a point in which people who think home prices are going to keep declining become just as delusional as those who thought home prices would keep appreciating.
people got burned on the way up it was inevitable that people would get burned on the way down too. Just feel good if you didn't get stung both directions like the people who bought at the peak and walked away at the bottom.