Buying at bottom dollar prices

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Uploaded by on Nov 2, 2008

Buying foreclosures and short sales is more complicated than buyers think, according to Michael Sato and Chris Feurer, the new owners of Jameson Real Estate.

Sato and Feurer also contend that buyers are unlikely to benefit from developers' difficulties, and report that bulk buyers the "ultimate scavengers" have yet to make their move in the Chicago market.

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