Fed steps forward to shield consumers

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These new tightening regulations were laid down by the Fed after the economy faced serious threats, due to the housing market disaster. Several million consumers lost their homes to foreclosures and thousands and even millions are waiting for the same fate. So, the demand for new homes has fallen to record low levels, because the homebuilders are facing tremendous challenges from the lenders, who are selling off their repossessed properties at discounted prices.

This is good news for the consumers who are planning to buy preoccupied homes. It may be a little difficult to locate the latest listings and foreclosures deals. To serve them, ForeclosureDataBank.com has done a great job in listing all the latest foreclosed houses from all around the country. Visit us if you are willing to buy a foreclosed property!

Fed steps forward to shield consumers

By: rudsontren

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