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Loan Modification

: Mortgage Lender Implode-o-Meter

With about 5,000 new units set to debut, some say apartment complexes may be slowing home sales

By Implode-Explode Heavy Industries

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" With home prices declining throughout the metropolitan area, sellers have no shortage of things to blame for their unsold properties: too many homes, not enough people, and lending requirements that have gotten tougher at exactly the wrong time. Eliot Kamenitz/The Times-Picayune R.J. Buras moved into a Marquis apartment in September when he returned to New Orleans after Hurricane Katrina. 'I'm not sure if I want to buy,' Buras said. 'I'm still looking.' But some are beginning to wonder whether there's another culprit in the mix: apartments."

Full post as published by Mortgage Lender Implode-o-Meter on February 21, 2010 (boomark / email).

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