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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] What happens to foreclosure market if values drop Posted by Jason on December 03, 2003 at 11:45 PM Ward, What happens to the foreclosure market when home prices go down? For example, a home currently worth $500k with $450k balance, and the price of the home goes down to $400k. What happens to these at the public auctions as well as if it goes back to the lender as an REO? Also, in your experience, does the competition for preforeclosures at that point get really stiff because there are less home with a lot of equity. thanks Follow Ups: Waiting for the day.... Ward-CA- 6:58 AM, 12/04/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, : What happens to the foreclosure market when home prices go down? For example, a home currently worth $500k with $450k balance, and the price of the home goes down to $400k. : What happens to these at the public auctions as well as if it goes back to the lender as an REO? : Also, in your experience, does the competition for preforeclosures at that point get really stiff because there are less home with a lot of equity. : thanks Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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