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I had a phone call from an investor this afternoon, the latest in a series of folks looking for bargain foreclosure homes. He wanted to buy low and sell high (don't we all!), but he wanted to do it in two years' time. Buy a foreclosure now for under market price, sell in a couple of years after it had appreciated substantially and reap a big profit. Unfortunately, the low-priced condos he chose weren't the bargains he was hoping for.
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