From Pine View Farm

Update from the Foreclosure-Based Economy 0

This little stat is buried midway through a long article in the Chicago Trib about how “Flip This House” has become “Flip This Repossession”:

According to RealtyTrac, a foreclosure listing service, 26 percent of homes sold in the first quarter of 2012 were foreclosed properties, an increase of 8 percent from 2011. Short sales of properties accounted for 12 percent of national sales in the first quarter, up from 9 percent last year.

In the Bank of Ameriquest for riches it is a Countrywide thing that few can Fargo.

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