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Buying Foreclosed Homes

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Uploaded by on Mar 16, 2009

In the series, How Low Can You Go, Contributor Vera Gibbons spoke to Chris Wragge about finding great deals on foreclosed homes.

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News & Politics

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  • likes, 4 dislikes

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  • I think when it comes to real estate the best way to save is through saving on realtors commission when selling your property. If your buying why not try a new revolutionary system that helps you get a rebate of any property you buy!!!

  • Hey guys - if you go to foreclosurecentral.info

    lots of info about buying these homes and the legal process

  • Bank foreclosures are one of the top types of foreclosures being bought form investors.

    Bryan From Foreclosure Deals

  • That is, Fannie and Freddie promise to buy the risky loans made by banks. Its not forced but when you have all the money backing you from government, then you pretty much write the rules. Fuck the fed, not capitalism

  • Moreover, Blame the federal reserve, HUD Fannie and Freddie. The fed gives Fannie and fred the money and HUD dictates da conditions dat money can be used. And so fan/Fred dangle billions of $ to banks dat make subprime mortgages.

  • Great vid. Seen some of the comments here. Kinda edgy ppl here. Look, if I mess up my mortgage due to my disorganization among other factors I deserve to be foreclosed. In fact these ppl promised to py back the loan and failed

  • brain food.

  • Capitalist dogs..!!! Yeahhhhh.....Where the jeke is Obama to help those USA citizens!!!!

  • This was a BS newscast, they switched from talking about purchasing foreclosed homes to purchasing ones that are on the market. Foreclosed homes are owned by the bank and have to be sold for some kind of quick profit in short sales or auctions. Good luck coming up with several hundred thousand cash if you want to buy a foreclosed home in California.

  • These are great deals, I guess that's a plus side to this economy... If you can afford it.

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