If they were to pursue foreclosures in a timely fashion as well as push out the REO's sitting on the books, prices would fall. Don't believe for a minute this is only the U.S. either. This is/will be a global approach. Now that values in many areas are almost back to pre-crisis levels, are we about to see a glut of inventory hit the market? I'm willing to say so. House hunting anyone? (RealEstateEconomyWatch)
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