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


To: patron_anejo_por_favor who wrote (251192)6/1/2010 11:22:59 AM
From: yard_manRespond to of 306849
 
>> or to another home they "bought" using FHA 3% down and getting the 8K tax credit while the bubble home note wasn't being paid <<

Did I read somewhere -- they can get someone to give them that 8k up front??

Sheesh ... what was the definition of insanity, again? Someone told me but when they switched the channel again ... I forgot.



To: patron_anejo_por_favor who wrote (251192)6/1/2010 12:53:26 PM
From: MulhollandDriveRespond to of 306849
 
that makes sense...

but considering the 'lowest'number of days is still nearly a YEAR

of course in states like FL it would appear that an entire cottage industry of lawyers paid to throw sand in the gears

the amount of shadow inventory building in that state must be huge