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New wave of foreclosures threatens market

Friday, March 12, 2010, 5:52
This news item was posted in Business category and has 0 Comments so far.

While banks repossessed fewer homes in February than a month earlier, borrowers continued to fall behind on their payments, adding to the inventory of properties headed toward foreclosure that have yet to be put on the market, according to RealtyTrac.Swelling ranks of homeowners who are seriously delinquent but haven’t yet lost their homes may soon lead to a new round of foreclosures.


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