2008-10-28 — cnbc.com
"In another worrisome sign for the housing crisis and US economy, home foreclosures are surging to record levels and are likely to get even worse in the months ahead."
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jdilworthsmith at 09:08 2008-10-29 said:
how do they make money from a foreclosure????? if the loan is in a security which limits workouts then you have to buy the loan out of the security to do a work out, since the loan is in default no one wants to spend the capital on the risky loan, the government needs to take these loans. this is almost exactly the way fran and fred work Permalinkadd a comment | go to forum thread
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