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News: J. P. Morgan Chase

J.P. Morgan: Foreclosure Sales Could Be Higher in Three Years:

Efforts to modify loans and delay foreclosures may have helped hold down the stock of foreclosures for sale in the second half of 2009, fostering home-price stabilization. But that cure could require different medicine: an elevated level of foreclosures for sale over the next three years. Ref. Source 4 [See Similar Topics]

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