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What are banks, loan companies and the government going to do with 180,000 foreclosed homes?
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January 25th, 2011
The above figure is staggering. To think that this many houses have been foreclosed on and people without jobs. What will happen to the foreclosed houses? Are they just going to sit in neighborhoods and deteriorate or will there be an honest effort to resale these houses? Banks are not loaning money for housing, unless you walk on water with your credit rating. Question: so, what is the answer?
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