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If more foreclosures end up in liquidation auctions, housing prices are likely to drop.

I spotted this article from the San Diego Union that follows on my blog concerning the failure of lenders to recover adequately on foreclosed properties. If liquidation auctions become an important mainstay of the real estate market going forward, then this will rapidly and decisively feed through to general housing prices.

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Read more from this blogger: More Clues on the Uncured Foreclosure Question and Trouble in Clusterfuck Nation