Tuesday, May 09, 2006

The Carrion Birds are Circling

Need any more evidence that the real estate market is slowing? How about this: The mortgage field services industry is heating up. These are the folks who protect the values of foreclosed properties pending sale, through maintenance and security. The industry had virtually disappeared over the last several years; rising prices allowed distressed borrowers to simply sell out. Now, though, with foreclosures and deeds in lieu increasing nationwide, they're back.


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