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You Can’t Beat the Competition with Low-ball Offers

Gone is the day when a buyer can find multiple homes of choice to bid on.  It used to be a game to some!  Finding a bank-owned home for sale these days is hard enough. Actually buying one is an even bigger problem.  Last year the supply of bargain-basement foreclosed homes shrank, as banks temporarily stopped trying to repossess properties to review possible paperwork errors.  But 2012 is proving to be a different story. Lenders are starting to resume foreclosure filings, so more of these distressed homes are expected to be listed for sale. Read the rest of this entry