The Stresses of Buying Distressed Homes - WSJ.com: "Distressed-property buyers also often have to cope with the fallout from the ruined lives of previous owners, such as vandalized properties and liens from second mortgages, taxes, unpaid water bills, homeowner-association dues and court judgments."
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So once again, buyers are being told they can't lose if they get into the market now, but in reality they may lose their shirts. Sounds familiar.
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