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  1. #1
    Chitown trucker

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    Default U.S. Homes Lost to Foreclosure Up 25 Percent

    FOXNews.com - U.S. Homes Lost to Foreclosure Up 25 Percent

    Concerns are growing that the housing market recovery could stumble amid stubbornly high unemployment, a sluggish economy and faltering consumer confidence. U.S. home sales have collapsed since federal homebuyer tax credits expired in April.
    That's one reason fewer than one-third of homes repossessed by lenders are on the market, said Rick Sharga, a senior vice president at RealtyTrac

  2. #2
    I Am Rocking Now

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    Default Re: U.S. Homes Lost to Foreclosure Up 25 Percent

    There is a buildup in delinquent loans that are not in foreclosure,” said Rick Sharga, senior vice president of RealtyTrac, adding that banks and lenders are slowing the process to avoid a drop in home prices. “It’s a managed slowdown more than anything else,” he said.

    We are nowhere near the bottom.

 

 

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