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Foreclosures: Markets
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FORECLOSURES INVESTORS NETWORK is the largest weekly real estate network luncheon in South Florida. Over 200 real estate investors meet every single week in Miami -Dade and West Palm Beach for networking with other investors and for education in the area of Real Estate investing and The Foreclosure Market Place. John Tur, founder & CEO of Foreclosure Investors Network, shares his truly revolutionary and ground-breaking "CREATIVE APPROACHES" to make money under the current market conditions with NO money, No liability and No risk!
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As the tide of foreclosures continues to cause havoc in the national housing market, investors such as Citigroup is looking to cut back their mortgage holdings by as much as 20 percent. This means that less money will be available for lending and buying mortgage securities, further fueling the current mortgage crisis.
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For the third time in four months, the Treasury Department has announced a plan ("Project Lifeline") to encourage the lending industry to do more to prevent an alarming level of foreclosures. The Department's proposals underscore the serious economic damage triggered by reckless lending in the subprime market, which has produced the worst housing decline since the Great Depression.
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