It's a confusing story, but it appears that Foxtons' US division - the part that wasn't off-loaded in the recent £390m sell-off - is in serious trouble. According to a local New Jersey news source, the West Long Branch office is definitely closing, having been soundly slapped by the US housing market slowdown. What's more, the company's senior vice president is quoted as saying that the company "no longer has the liquidity to operate as a going concern". Foxtons US faces - it would appear - bankruptcy.

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