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Tuesday May 22, 2012 8:29 pm  

Bank-owned property accumulates (access required)

by Brad Carlson
Published: May 31,2011
Time posted: 2:52 pm

Banks have been holding on to more distressed homes lately, instead of accepting a lower price for them in a short sale. "Banks are taking back properties at a greater level than ever before and have more properties on the books than ever before," said Charlie Nate, president of Idaho Data Providers. Nate's monthly data on distressed ...
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