Economy

July 6, 2009

Foreclosures are remaking the real estate business

As the U.S. foreclosure crisis grinds on, the detailed work of processing, repairing and selling thousands of homes repossessed by banks has become real estate's new gold. In the past year, repo-related business has rapidly grown to national scale, fueling job growth in Colorado, Texas, Ohio and elsewhere to service the meltdown in markets in California, Arizona, Nevada and Florida.

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