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More Foreclosed Homes for Auction Expected from Option ARMs
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http://www.foreclosedpropertiesdata.com/blog/foreclosure-hel...
Submitted by cassy 33 months, 2 weeks, 1 day, 1 hour ago
The number of foreclosed homes for auction from ARMs made during the boom years of 2004 to 2007 will increase, according to a real estate tracking firm. About 600,000 option ARMs are expected to reset to higher rates within the next 4 years.
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