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Jeb Bush: Current housing and debt situation unsustainable

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Servicing / The Ticker

Foreclosure victims become new homebuyers

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"It's an interesting phenomenon because three or four years ago these people were losing their homes. Now they're out shopping for a new home. It wasn't swift and sweeping legislation that did it, simply a matter of perseverance. These folks waited three years and now they can buy again," says Chris Apodaca, a California mortgage banker.

 
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