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Foreclosure starts -13% M/M in November to the lowest level since December 2006, RealtyTrac...

Foreclosure starts -13% M/M in November to the lowest level since December 2006, RealtyTrac says, although bank repossessions +11%. Still, overall activity -3%. RealtyTrac's Daren Blomquist points out that while "we are past the worst" of the problem,  banks are still adjusting to new rules, as well as state laws and court rulings, so we are "not completely out of the woods." (PR)
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "...banks are still adjusting to new rules, as well as state laws and court rulings, so we are 'not completely out of the woods.'"

     

    8 years into a real-estate depression and banks and state laws aided by the courts are still adjusting to new rules.

     

    I know the gears of justice grind slowly but...

     

    How's the Manhattan trial of Kahlid Sheik Mohammed going? Is the motion to allow him to sacrifice a goat before the preliminary hearing still pending?

     

    For those of you who love and trust government, you're going to get your full measure. For those of us who love freedom, well...we Hope for Change.
    13 Dec 2012, 08:02 AM Reply Like
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