- Comment:inthisquietareanorthoflosAngelesvaluesarewaydownand6.4%ofmortgagesareinforeclosureorconvertedtoREO.Thepercentageofhomesthatbankshavefiledforeclosureonorrepossessed(andstampedwiththedreaded"REO,"or"realestateowned,"moniker)nowaccountfor3%o...
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