24.10.2008 - Beware of Uncle Sam's bargain basement
From Propertywire.com: Distressed sales in the US don't necessarily mean easy investment pickings, says property journalist Laura Henderson. The foreclosures market is known for being fraught with risks: decrepit money pits, drawn out transaction processes, and troubled tenants who refuse to move on and out. Rather than creating more prudent investment opportunities, however, the torrid market of the past five years is now adding new levels of unsecured risk, leaving even fewer genuine deals out there..... Full Article: Source
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