Friday, December 2, 2011
Fixer-Uppers Can Help Fix Foreclosure Mess, Stabilize Home Prices
Fixer-Uppers Can Help Fix Foreclosure Mess, Stabilize Home Prices: Most foreclosures and short sales are in some state of disrepair and are sold below intrinsic value to builders. The builders then renovate, repair and put them back on the market at a higher price to recoup their costs and make a profit.
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