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Direxion Daily Financial Bear 3X ETF Message Board

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  • styro90 styro90 Apr 5, 2012 6:39 AM Flag

    Americans brace for next foreclosure wave

    Banks and investor grps are figuring out how to forclose (bank) and sell to (investors) for rentals. Whatever value is left in these properties will never be realized by the original property owner (bad precedent to set), but will be realized by someone or some investor grp with bank conceding that a small or medium sized loss is better than a big or total loss.

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