More than 100 homes, properties up for auction
With the real estate market still sluggish and foreclosures on the rise, another huge auction of real estate, including more than 100 homes, is coming to Central Florida this month. via The Orlando Sentinel
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Since: May 08
#1 May 13, 2008
This is just the first wave of foreclosures that will hit our communities. Many families bought more house than their paychecks can cover and are now caught up in the mortgage crisis they helped create. Why would buy a home with an interest only mortgage, and who would lend money in such a manner??? Oh yeah, that would be the sub-prime market at work. Those who can least afford a mortgage buying a house they could never afford.
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