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To: BenLurkin

I am kind of in the market and if somthing slick comes up I will ping...


7 posted on 10/21/2007 9:07:05 AM PDT by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: TLI
Here's some info I came upon about 6 weeks ago. When the big numbers started to fall, the lenders would clump properties in bundles and sell them to large investors. One guy in San Diego bought 300 units from countrywide for 75 cents on a dollar.

Last month the bundles were going for 65 cents and in some places around the country 50 cents.

This is for big time investors. I don't know if you can get the same deal on an individual house. I think it's house by house and how much the banks wants out of that property.

9 posted on 10/21/2007 9:14:25 AM PDT by purpleraine
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