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Bidding Wars Are Emerging on Foreclosures |
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Thursday, 23 April 2009 22:45 |
APRIL 23, 2009
Bidding Wars Are Emerging on Foreclosures
Prices Are Generally Falling, But a Few Markets Have Shortages of Midpriced Homes
- Falling home prices are starting to ignite bidding wars in a few parts of the U.S. as first-time buyers compete with investors for the same foreclosed properties.
In most of the nation, the supply of unsold homes continues to swamp demand. Home prices in many markets continue to fall, and foreclosures, which slowed in late 2008 as mortgage companies delayed taking action against delinquent borrowers, are picking up again.
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Great Deals for Cash Buyers |
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Wednesday, 25 February 2009 20:31 |
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By NICK TIMIRAOS Falling home prices are spurring an increase in all-cash home sales in markets that have been hardest hit by the foreclosure crisis, an indication that bargain hunters have descended on the markets looking for deals.
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The Mortgage Modification Mess |
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Monday, 16 February 2009 18:09 |
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Here's why it's so hard to modify a mortgage: President-elect Obama, congressional leaders and various regulators, lenders and community groups are proposing more aggressive measures to try to stop the rising pace of home foreclosures.
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