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• Real Estate In A Recession

Sometimes people do things that they shouldnt do. That is in the nature of humanity, throughout history. It doesnt make us all bad people, and it doesnt make our characters bad either. The simple fact is that we all fall by the wayside in some way from time to time. What is bad is when people profit from deliberate bad behavior. The good news is that when they get caught, the profits are usually recoverable. The even better news is that this can mean some of us will get a bargain. 

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Real Estate is one of those sectors that is unforgiving at the best of times, but in a depressed market it can be hell for a seller. The longer you sit in your house, the more it is costing you. If you are barely making the mortgage payments every month, you just want to get rid of it. But if you sell too cheap, then you are left with a problem when it comes to finding another house or making rental payments. So you find yourself in a Catch-22 situation. You want to move the property fast, but you dont want it to cost you an excessive amount. . ...

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Buying and selling real estate has been a way of getting rich for many people but the risks inherent in much of the market have meant that there is difficulty for those of us who want to get a first foot on the ladder. The unpalatable truth for many is that it is difficult to get funding to even make that first step. This is why REO has become such a money-spinner for people wanting to make real money in Real Estate. By picking up the houses that banks and lenders have not been able to sell at foreclosure auctions, you have the chance to get the ideal property at a basement price.  ...

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