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Blog by Benito Realty Group

Foreclosure Freeze Slows Home Sales

October 7th, 2010

A very interesting article on foreclosures. Here are some excerpts from the article.

"The decision by three major banks to freeze foreclosures will buy distressed homeowners months of extra time and temporarily block lenders from reclaiming homes."

"But it also threatens to buckle South Florida's home sales."

"As the foreclosure moratoriums play out, a slowdown in low-priced, bank-owned p ...