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Real Estate Latest News (Mortgage and Foreclosure) Up to the minute news on Mortgages Foreclosures and loss mitigation.

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Old 09-01-2007, 03:13 AM
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Default Existing-Home Sales Fall to 5-Year Low

Sales of previously owned homes fell to a five-year low in July and the glut of unsold properties climbed to the highest since 1991 as the housing slump dragged on.

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