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News :
Home foreclosures have soared to record highs and financial companies have wracked up billions of dollars worth of losses from bad mortgage investments. ...
Many of the homeowners that ended up in foreclosure financed their homes with zero-down products. "To allow people to purchase homes with little or nothing ...
"There will be more foreclosures and more houses hitting the market and more downward pressure on home prices," Gregory predicted. ...
Many Canadians mistakenly believe that abundant foreclosed properties are for sale and have been discounted 50 cents on the dollar, Timmermeister said. ...
And as record foreclosures put more properties on the market, you can bet prices are a long way from hitting bottom.
