Friday, October 1, 2010

Issue of Bank and Fannie Mae Foreclosures for Sale Key to Election

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 The next governor of Florida is expected to inherit the problem of huge supplies of bank, government and Fannie Mae foreclosures for sale. The state has the second highest foreclosure rate for the month of August 2010 among all 50 U.S. states and second only to Nevada.Issue of Bank and Fannie Mae Foreclosures for Sale Key to Election
The oversupply of foreclosures in the state, including foreclosed homes in Broward, FL, has caused values of properties to drop and demand for residential properties to decline. Consequently, these developments led to job losses in the construction and real estate industry.
Political and housing market analysts are unsure whether any candidate can do something specific to get the problems of Florida foreclosure listings and overall state economic issues resolved.
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