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So. California Real Estate: In Danger of a Total Meltdown

6-20-08 • MrMortgage.ml-implode.com

The new NOD’s will bring about 34,650 new homes that go back to the bank as shadow inventory 4-5 months from now. In the past 4-months, 167k notices-of-default were filed, meaning 133,500 homes will go back to the bank in the next 5-months....

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