Monday, June 13, 2005

Bank Owned Homes, Not Like They Used to Be?

It seems like Congress is trying to pull the brakes on banks selling foreclosure homes to the public. The banks defense? Real estate is just another financial activity under an umbrella of other financial management services. Will Congress buy it? Well the picture doesn’t seem too rosy nowadays. It remains to be seen whether bank owned homes will still be another venue for the home shopper or investor to use.

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