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The number of short sales and bank-sold homes has dropped from 69.5 percent of all homes sold in 2009 to 15.6 percent today. Patch file photo.
Jock March 10, 2014 at 03:43 pm
We are seeing lots of non local investors coming through and buying up property to resell. They areRead More also buying lots in the hills without any thought to what it is doing. We see the big Mercedes, the watch that looks like a gold bar and then we see the house built on those lots that look like city condo's and if possible, they are condo's. Hooray for unrestrained building and even better, buying ! As above posts point out, most of former home owners are not the winners in this. It looks good in numbers but look into who is buying these properties. Do they go directly to owners who will live in them or are thy gobbled by investors with no stake in the community but profit ?
John March 11, 2014 at 09:36 am
This is all a race to the bottom. Those that lost their homes are going to be forced into highRead More rents now that large investment firms snatched up large chunks of homes. They really think that when the market is in their favor that anyone is going to be able to purchase these over priced houses?
Pat T March 11, 2014 at 10:31 am
Losing your home defiantly doesn't make you a winner. It's devastating. You don't know unless itRead More happens to you .