International buyers are flocking to the U.S. in higher numbers this year in search of what they see as bargain prices, economic stability, and a safe haven for investor money.
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Reports are surfacing again of more home owners falling behind on their mortgage payments, a reversal from the dropping numbers seen over the last several quarters.
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The city is asking the winning bidders on 15 vacant foreclosures to rehabilitate the homes within 30 days of possession and have them occupied within six months.
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Even though foreclosure activity is at its lowest level since 2007 nationwide, these states are still seeing elevated numbers of foreclosures.
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