realestates
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This is bad news for the homeowners and bad news for the banks and institutional lenders who are looking at billions of dollars of loans that they’re not getting interest payments for. It is of course, Mortgage Dove great news for investors buying foreclosures, because when the supply is high, the prices go down. Banks are even taking less that what they’re owed for the loan by accepting short sales offered by investors and at foreclosure auctions (for more information on short sales go to About the Author)