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- Getting Back To The Norm Real Fast In Texas
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A report from Southwest Texas Live. “Is the national lending and foreclosure crisis harming real estate values in Del Rio and Eagle Pass? As with most controversies, it depends on who you talk to. Eagle Pass Realtor® Charlotte Banks is nervous. Her market share of foreclosed homes to sell has increased significantly. ‘I used to have one or two a year, but really have about 15 at any given time now—where they’ve been foreclosed, or they have already moved out and we’re still waiting to get the value on them,’ said Banks. ‘The problem is, you have people moving in with nothing, didn’t even pay their closing costs, they have absolutely no equity.’”
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Original Source: thehousingbubbleblog.com
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19 April, 2008| housingblogs |
@ 16:46