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Monday, July 30, 2012

''RealtyTrac CEO on CNBC: The $1.2 Trillion Housing Problem''

From Realty Trac

''But the much bigger pool of distress looming over the market is the 12.3 million loans with negative equity, or underwater, that have not yet started the foreclosure process. RealtyTrac estimates that these underwater loans represent $1.2 trillion in negative equity — an amount that is 26 times the negative equity associated with loans already in the foreclosure process.''

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