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Someone always loses as the housing market recovers

Posted on 20 April 2012

The latest idea by policy makers and home mortgage lenders to tackle the foreclosure crisis seems like a winner: instead of throwing delinquent home owners onto the streets, lenders foreclose on the home and then turn around and rent it back to the erstwhile homeowner.
Even the Federal Reserve gave its nod of approval earlier this month to the strategy, releasing guidelines for lenders on how to account for these homes………………………………………..Full Article: Source


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


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