Foreclosures are persisting and so too with unemployment; sales of houses have been abysmally low mainly because of a cash crunch. Mortgage rates are at an all time low but the lenders are extra cautious about sanctioning loans. Lou Barnes of Boulder West Financial Services (lately taken over by Premier Mortgage Group) said, “In the [...]
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It has been observed that bank foreclosures have increased over the last year. This is good news for the investors and buyers who buy bank owned properties. Although the increase in foreclosure number is not that significant, but still there are many homes that have been foreclosed and repossessed by the banks. Banks are now [...]
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