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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Johnny_Blaze_420 who wrote (138366)8/1/2008 12:15:03 PM
From: John VosillaRead Replies (2) of 306849
 
Liens were bid down to next to nothing for many years on the assumption the mortgage holder would pick up the delinquent tax bill in the first year and the lien holder would get a 5% return here in FL..2008 was the first in a long time the financial institutions abandoned this game.. I wonder why<g> Now the locals got to play again and get 18%.
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