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This morning's news noted that national repossessions for failure to keep current with mortgage payments is up 87% from last year. Not a good sign and apparently the result of lending folks money on home purchases they couldn’t afford as long as they passed the verifiable pulse test?

Greed is not good! [:-paperba

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Our local real estate association reports 35-50 repos per week. We have inspected many of them. The price range is quite some different than the last real estate slump; $18,000 to $1,200,000.

I do believe an astute inspector will factor this economic factor into his business plan.

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