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Short sales, foreclosures pull under millions of borrowers  (access required)

by Becky Hurley

Published: September 4,2009

Time posted: 8:22 am

Tags: Real Estate, recession

Deutsche Bank officials have predicted that 25 million, or 48 percent, of U.S. home mortgage borrowers will fall into the negative equity category by 2011. And D.B. analysts Karen Weaver and Ying Shen estimate that 26 percent of all mortgages are already “under water.” Other economists are not as pessimistic, but most admit that storm clouds are ...





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