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If you want to sell in the near future, you have about 90 to 120 days to maximize your price. Simply put there is a large amount of foreclosures about to hit the market.
Celia Chen, of Moody's Analytics explains:
"Foreclosures are weighing on the outlook for U.S. house prices, and the slow resolution of issues surrounding the so-called robo-signing scandal is keeping distressed homes off the market".
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For Sale: $350,000
For Sale: $54,900
For Sale: $85,000