Page 4 - Foreclosure Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

may get three, four, five or six months to stay in her home before final foreclosure because the banks are going over the documents over and over again making sure everything was done correctly. we have to remember that one-third of all home sales in august were of distressed properties. that is foreclosures or short sales. that s all grinding to a halt. when we get the numbers out of what s selling in the housing market, it s going to drop off a cliff. you re not going to have the distressed properties selling. is that good or bad for the market? you could make two arguments. without the distressed properties bringing markets down, it may stabilize home prices. but everyone knows the foreclosures are still coming. that means we re going to see the pain in the future, if not now. so is there any confidence? will any buyers get back into the market? i have to ask you about the new york times and other reports saying lenders knew of foreclosure problems. they were hiring people not q

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