The Treasury Depart announced that they will NOT buy up Foreclosed Loans.
Find out how this critical policy change on the use of the 700 Billion bailout
funds just put our members in the drivers seat for the next 3-5 years:
The Fed (Paulson) announced that they have changed their mind on using
the funds to buy bad assets from banks. That means they will NOT buy up the
banks and lender's bad loans.
This means that banks will have to continue to SHORT SALE their non-paying home
loans to investo…
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Posted on November 16, 2008 at 11:44am —
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