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Foreclosures at Rock-Bottom Prices – If bidders at foreclosure auctions fail to meet the bank’s minimum (usually the balance of the mortgage), the bank will buy back. Exclusive buyer’s agent Dawn Rae, in St. Petersburg, Fla., says.

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Housing woes hit high end too – (Fortune Magazine) — What could the collapse in the subprime mortgage market possibly have to do with. once-hot areas such as Sacramento (6% year-to-year decline) and Tampa-St. Petersburg (down 4%.

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