Foreclosures and existing home sales data
November 16, 2009 at 12:07 PM EST
[Skip to the end] this is telling: From a contact in Texas: When I went to the bankruptcy / foreclosure auctions here a few weeks ago I found out that the whole thing is a charade. Bank of America (for instance) auctions off houses that have gone into foreclosure for the amount owed plus any carrying costs [...]