http://files.ots.treas.gov/enforcement/97100.pdf
More pain coming for florida. We are now starting the see a second wave of bad news on real estate. With the lifting of the foreclosure moritorium you can expect foreclosure to surge. Along with this article below that talks about how 1/3 of foreclosed homes are now unsellable and would not qualify for mortgages. Just adding more losses to the banks.
http://www.cnn.com/2009/US/04/16/damaged.foreclosures/index.html
Friday, April 17, 2009
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