Quote:
Originally Posted by PureMeds
I don't get how people who are at risk for foreclosure, don't realize this months in advance and sell their property. Please enlighten me.
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Well, a lot are probably trying to sell but the market is flooded with people trying to sell. So sales time drags out. Prices keep dropping. It becomes a downward spiral. That happened in Southern California in the early 90s. I remember my ex-neighbors down the street, it took around 10 years to get the price they PAID for their house.
