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October 30, 2008

A Tale of Two Suburbs

Lender-Mediated Sales Loom Large in Current MarketAccording to the Minneapolis Board of Realtors, “lender-mediated” properties now comprise about one-third of local market activity. The most common types of lender mediation are foreclosures and short sales (the latter require the lender to agree to take less than what it’s owed). Bad as it is, the market-wide...
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