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Should Banks Dump Foreclosures On The Market, Or Trickle Them Out Slowly?

By Implode-Explode Heavy Industries

"Back in the 1980s when the S&L crisis hit [It doesn't look much like a crisis given today's situation, does it?] the RTC dumped a lot of homes on the market at once, and a lot of properties went very cheaply. Today lenders are keeping a lot of properties off of the market, apparently in the hope of avoiding a similar price meltdown."

Full post as published by Mortgage Lender Implode-o-Meter on October 29, 2010 (boomark / email).