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Banks Want to Unload Foreclosures as Fast as Possible

November 1, 2010
Marketplace at American Public Media

Brian Battle, Director at Performance Trust Capital Partners, argues that it’s in a bank’s best interest to sell foreclosed real estate. “Sell it as fast as possible because it seems like housing is in a declining market,” he said. “So you’d rather sell it today than a year from now when prices are generally declining.”

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