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Volume 7 - Number 10 | May 9, 2008
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Vacant Properties Have Detrimental Effect on Neighborhoods and Lenders’ Bottom Lines

The cost of maintaining rapidly rising REO inventories is adding to lenders’ and investors’ foreclosure woes as the number of vacant homes across the country continues to rise. The latest report on homeownership from the U.S. Census Bureau shows that the nation’s...

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