Higher Unemployment Means Many More Distressed Properties to ComeFirst Faved : Nov 07 2009 by RichFaved : 1 time with noteViewed : 0 timesFave It!
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- Rich - Nov 07 2009 | the, news, real estate, housing, distressed properties
Quoted: The US Conference of Mayors, a nonpartisan organization that represents cities with populations greater than 30,000, is sending out an industry warning that they expect employment rates to continue to climb in 2010, reaching levels as high as 15% in some municipalities. Servicers in these areas should prepare to face a much heavier distressed asset portfolio as borrowers struggle to cope with lose of income, says Dave Gatton, a director at the firm.
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