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John Marker's Blog (1)

Smaller banks are still assigning REO and Tsunami to come!

We are still getting REO assignments from the smaller banks that are not participating in the moratorium and Re assignments. Waiting for moratorium to be lifted. I must say that they need to get the backlog of properties on the market and sold so we can get to a more normal supply and demand situation. Until that happens, prices will continue to drop which is not a good thing.

Added by John Marker on March 18, 2009 at 7:35am — 1 Comment

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