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Utah foreclosure auction flops

TheMightyQuinnTheMightyQuinn
edited October 2008 in Housing Bubble
Thanks government!
An auction that netted $7.5 million in bids on 56 distressed Utah properties fell through last week after the owners -- three banks and two private lenders -- decided they may get a better deal by holding out for the government's bailout plan.

http://www.heraldextra.com/content/view/284279/18/
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