Jim Kingsland's Financial Balderdash
Financial Reality For Those Who Can Handle the Truth
Monday, May 14, 2007
WSJ: Lenders Resorting to Auctioning Foreclosed Homes
.... and demand appears to be weak with some homes fetching only half their recently appraised values.
From the Journal: "
Foreclosures have left
lenders with a backlog of homes, and some are turning to auctions and accepting big discounts."
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