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Comments (1)

Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

The first time buyer in many cases is strapped for cash. And so buying a home that needs TLC means they have to come up with cash to make repairs. Yes the price is low but that is spread out over 30 years. The 2 -5 k they need for tLC they need right away. So what do they do. They borrow, They go into debt and any bump in there financial cash flow forces them into foreclosure. And the wheel spins!!!!

Dec 20, 2009 11:29 PM