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Focus (Forum & Focus)

Sep. 28, 2007

Bidders' Boom

Real Estate Column - By Robert C. Barnes - A downturn in housing markets makes this a ripe time for buyers looking to make savvy investments at foreclosure sales. Buyers'll need this guide, however, to navigate the complicated world of due diligence, auctions and titles.

REAL ESTATE COLUMN

By Robert C. Barnes

      The long mortgage-lending boom is at an end, and foreclosures are soaring. Recent reports showed a stunning 289 percent increase in foreclosure filings in California for July 2007 over the same period in 2006.
      With borrowers' misfortune come investors' opportunity. Lots of would-be bidders are hoping to buy undervalued assets for fire-sale prices at ...

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