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Mortgage News
Ominous numbers from RealtyTrac this week. The online marketplace for foreclosure properties says foreclosure filings in May were 33 percent lower than in May 2010, while, at the same time, the inventory of unsold, repossessed homes went up.
Even as foreclosures decline, homebuying is declining even faster.
"We have a lot of distressed properties on the market,
Source: Bankrate.com » Mortgages