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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (51593)4/7/2006 1:14:41 PM
From: GraceZRespond to of 306849
 
Interesting. Even the HUD auctions around here required cash buyers for those years. Once you moved in and made the place liveable you could refi with a conventional, but no mortgage company would even take your application on a repossession or foreclosure because they were certain they couldn't get it through Fannie and Freddie. I have a friend who made out really well buying up distressed properties back in 1994 because he was the guy with cash.