Monday, July 27, 2015

USA Foreclosure: Investors buying REO crippled the move-up market

Prices crashed in 2007 and 2008 down to levels of relative affordability due to shrinking loan balances from the withdrawal of toxic loan products. Each of the loan owners who used unstable loans lost their houses and their creditworthiness. As a result, millions of foreclosures hit the market...
Investors buying REO crippled the move-up market




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