Everyone in the area understands that recent years have not been kind to the local real estate market.The economic recession has also been brutal for many homeowners, as many have seen the values of their properties drop to the point where they sit below the amounts that they owe on their mortgages.
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The collapse of global economies from around mid 2008, and through into 2009, leading to recessions in many countries, has seen tremendous and hereto unheard of efforts by governments around the world to stimulate consumer and commercial confidence.
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