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03/22/09
Buyers flocking to cheap foreclosed homes
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 10:51 am

A Glendale home that sold less than two years ago for $259,000 sold again three months ago for $113,000. A Phoenix home that fetched $190,000 two years ago just went for $45,900. A Queen Creek home sold for nearly $275,000 when it was built in 2005. Last month’s price: $78,000.  If there’s an upside to the Valley’s growing foreclosure problem, it’s the number of home bargains now available.  more…

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