Perhaps last year you didn’t get any advantage in your business, now you can try it again. If last year wasn’t what you had hoped, planned, or dreamed now’s the time to make a fresh start. Here is a main reason why now is still the best time in your lifetime to start learning the ropes of the fantastic business of real estate investing. Shadow inventory is made up of all the properties that are in foreclosure or headed toward foreclosure that haven’t hit the market yet.

There are 7 million homes in this shadow inventory category. What the government isn’t telling you is that their moratoriums and loss mitigation programs created a huge surge of foreclosures that are about to pop. According to the National Association of Realtors, there were 3.6 Million unsold homes this past September. You think there are a lot of homes on the market now? The government’s Making Home Affordable (MHA) modification program and FHA’s Hope for Homeowners refinance program do not work for borrowers that are too wealthy or owe too much on their homes.

The number of foreclosures for high end and luxury homes in increasing and there are a ton of luxury homes in this shadow inventory. To be realized that we are in the first phase of shadow inventory right now and it will continue into 2010. The second wave will start in 2010 and will continue into 2011 because the national foreclosure moratoriums ended in March and the government intensified its hope now Alliance program as well as its Home Affordable Modification Program (HAMP). These programs were released in the first week of March but the problem was that the servicers and lenders did not receive training until the middle of June. Then, the programs had to be updated because they weren’t effective and they became more complicated to implement effectively.