Bloomberg reports that with 3.9 million notices sent to homeowners in default in 2009, The U.S. has set a record for the second straight year. Foreclosure filings exceeded 300,000 for the ninth straight month in November.
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The National Association of Realtors announced that U.S. home sales surged in the month of October, spurred by a tax break set to expire at the end of the quarter.
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The Wall Street Journal reports that a growing percentage of foreclosures in June came from the top tier of the local housing market.
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Join Chuck who is speaking Wed. 9/16 for the Philadelphia REIA talking about "Thriving in a Down Market - Investing with No Money and No Credit"
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