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Short sales stymied by complications, delays

Emmet Pierce signonsandiego.com 08.06.2009

First-timers, pros vie for foreclosures

ENNIFER LATSON chron.com 18.05.2009
Short sales stymied by complications, delays

With an estimated 20 percent of U.S. mortgage holders owing more on their loans than their homes are worth, short sales often represent the best chance for distressed borrowers to avoid foreclosure.

First-timers, pros vie for foreclosures

They came clutching cashier’s checks and the hope of finding a bargain. A foreclosed home auction drew roughly 300 people Sunday morning to the George R. Brown Convention Center to bid on about 100 properties, part of the increased number of properties to land on the auction block since the recession began.

300 Minnesota foreclosed homes to be auctioned

STEVE ALEXANDER StarTribune.com 25.03.2009

Foreclosed homes draw crowd, but more investors than homeowners

Clay Barbour Mooresville Tribune 24.03.2009
300 Minnesota foreclosed homes to be auctioned

Lenders use auctions to rid themselves of property that's fallen onto their books. Typically, they get half the previous value.

Foreclosed homes draw crowd, but more investors than homeowners

The deals came fast Saturday as more than 500 homes across the Carolinas went on sale for bargain prices that, in some cases, amounted to less than half their previous asking prices.

Buyers flocking to cheap foreclosed homes

Catherine Reagor The Arizona Republic 23.03.2009

9 tips for buying a foreclosed home

Jeanne Baron CNN 28.02.2009
Buyers flocking to cheap foreclosed homes

A Glendale home that sold less than two years ago for $259,000 sold again three months ago for $113,000. A Phoenix home that fetched $190,000 two years ago just went for $45,900. A Queen Creek home sold for nearly $275,000 when it was built in 2005. Last month's price: $78,000.

9 tips for buying a foreclosed home

A tide of foreclosed properties has been sweeping into the beleaguered housing market, bringing down property values, dislocating families, and sending municipal governments scrambling to manage the crisis. But some buyers see a once-in-a-lifetime opportunity in the gloomy headlines; they are buying up foreclosed properties at ultra-low prices.


 




 
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