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IPFS News Link • Housing

Foreclosures “stabilizing”, or just clogging the drain?

08-04-2009 • HousingDoom.com

If the banks foreclose and sell the property then the sale price becomes the indisputable mark to market on that paper, and avoiding that mark is absolutely critical or these banks would be forced to recognize their own insolvency.

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Reported By Jack Gregson

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