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Webster Bank suspends foreclosures

By Website Introductions at 11/26/08 14:11

In a move to get fresh capital from its clients, Webster Bank allowed to temporarily suspend foreclosures for 90 days and allow clients to settle their debts through a restructuring plan.

Personally, I think this is a great move for Webster Bank. There are already too many properties foreclosed out there. A lot of them are not sold yet, so why rush?

Link: UPDATE 1-Webster suspends home forclosures for 90 days | Markets | Markets News | Reuters

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