that's a good analysis....I am in agreement with the timeline....mid to late 2009 will be an interesting turn of events
these banks are probably going to open up real estate firms themselves to handle the mass number of houses they have for sale
they will be selling these pretty darn cheap if they want to get rid of them
with the short sales, it's few and far between that they actually go through around here. There are still many but the time it takes to get through the banks, these will end up as REO's as well
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