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Banks are quietly declining to take possession of properties at the end of the foreclosure process, most often because the cost of the ordeal — from legal fees to maintenance — exceeds the diminishing value of the real estate.
posted by Jaraparilla at
07:17
1 Comments:
A Ron Paulist econoblogger's take on the issue. This guy's comment sesction is always interesting, aside from the typical BS you'll find in any such forum. I learn a lot about economics from the comments, once I sift through the crap.
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