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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Ramsey Su who wrote (69143)8/31/2006 1:55:55 AM
From: ild  Read Replies (2) of 110194
 
But as I understand it takes up to 6 months for a delinquent loan to become REO. How come that we see a big number of REOs but haven't seen many delinquent loans? Flippers just sending keys to banks?

EDIT: Shouldn't so many REOs start moving prices down as banks become eager to unload?
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