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Access Private Funding » Secretary Paulson announces that banks will be on their own
<font size="3">Washington DC Treasury Secretary Paulson announces that banks will be on their own in disposing of REO's and short sales. The Government will not use TARP money to buy<font color="#ff0000"> </font><font color="#ff0000">bad mortgage</font> loans made by banks. It is estimated at over 1.6 million foreclosures will occur this year and 1.9 million is projected for 2009. This is great news for small <font color="#ff0000">private investors</font> wanting to take advantage of flipping short sale and REO's.</font><font size="3"> </font><font size="3"> </font> <font size="3"></font>
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Craig C.
Diverse Capital, Inc
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12 months ago
Craig - can you point us to where Paulson expresses this announcement? Thanks.