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Accelerating Jumbo Mortgage Delinquencies Will Bash High-End Properties

Talk to Hannerle Moore, an agent at Michael Saunders & Co. She suggests a sobering strategy. Reduce prices at least 40 percent from 2005 highs. “I tell them, ‘You could be the lady who has had her home on the market for 936 days, or you could sell,’” Moore told the Sarasota Herald Tribune (Are High-End Properties Going Down? 4/26/10).

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