East Boston and the Subprime Mortgage Crisis
Posted on October 6th, 2008 by bomber
I read a good post today on tonysrealty.wordpress.com.
Here’s a snippet:
While some homeowners are currently in trouble, between 1995 and 2005, other homebuyers made huge profits. Real estate professionals saw dozens of buyers purchase real estate for $100,000 using risky mortgages and then resell those same properties for $200,000.
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