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Housing market failing to clear: The Ticker

Posted on 04 October 2011

The market isn’t doing a very good job of cleaning up after the housing bust, more evidence that this is a place where government intervention could help.
Banks are taking ever longer to get houses through the foreclosure process, onto the market and into the hands of new owners. As of August, the average mortgage borrower in foreclosure hadn’t made a payment in 611 days, according to data provider LPS Applied Analytics……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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