Spring 2011 Mortgage Trends
Handing over house keys
real estate
Home-selling tactics to beat the deadbeats

Burst those foreclosure fantasies
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Burst those foreclosure fantasies

Many buyers haven't a clue about what it takes to buy a foreclosed home. In many cases, individual buyers don't stand a chance as they end up competing with investors ready to pay cash, Kimmons says.

If a buyer or agent doesn't know this, enlighten him or her. "There is a significant percentage of buyers (that) could not buy a foreclosure if they wanted to," Kimmons says.




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