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Re: Home Prices Seen Dropping 10% in U.S. on Foreclosures: Mortgages 

By: ribit in ROUND | Recommend this post (1)
Wed, 04 Apr 12 8:49 AM | 40 view(s)
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Msg. 40202 of 45651
(This msg. is a reply to 40198 by capt_nemo)

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captain
...the state of Ga has 339 million in federal money to make house payments for folks in danger of foreclosure. They have had it for over a year now. They have been unable to give it away. The guy in charge says they are going to implement a more aggressive marketing technique.

...it takes aggressive marketing to give away money? I dint know dat!!!




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Home Prices Seen Dropping 10% in U.S. on Foreclosures: Mortgages
By: capt_nemo
in ROUND
Wed, 04 Apr 12 7:32 AM
Msg. 40198 of 45651

As many as 1.25 million of America’s least cared for homes are headed for auction after a year-long probe into foreclosure practices kept them off the market.

Sales of repossessed properties probably will rise 25 percent this year from 1 million in 2011, according to Moody’s Analytics Inc. Prices for the homes could drop as much as 10 percent because they deteriorated as they were held in reserve during investigations by state officials resolved in February, according to RealtyTrac Inc. That month, 43 percent of foreclosures were delinquent for two or more years, from a 21 percent share in 2010, according to Lender Processing Services Inc. in Jacksonville, Florida.

more,,,,,,,,,,,,,,

http://www.bloomberg.com/news/2012-04-03/home-prices-seen-dropping-10-in-u-s-on-foreclosures-mortgages.html


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