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  • If only there was a mouse out there that had 18 buttons. Oh, wait a minute, there is … http://bit.ly/lYFBZ #
  • Obama signs $8,000 first-time buyer tax credit extension; $6,500 for existing homeowners to buy new places. http://ffs.cc/a/cna88e TM #
  • Index shows rise in commercial real estate values http://bit.ly/440Daz SC #
  • Deal of the Day, World Series edition II: 4 bed/3 br 5,000 sq. ft. Bronx bomber. http://ffs.cc/a/6e7en8 TM #
  • @saulcolt That's funny! Not very profitable but funny… LY in reply to saulcolt #
  • Deliver your presentation to people, not to your computer. I like that! LY #
  • Training Day: Learn how to make money in commercial real estate — http://ffs.cc/a/lgtd80 TM #
  • Getting materials ready to ship to NAR. Agent special for all you stop at the booth LY #
  • Deal of the Day, MNF edition: 5 bed/4 br 4,292 sq. ft. Falcon's nest in Atl. Pot. equity = $183,450 (114% under!) http://ffs.cc/a/usqx3q TM #
  • @deanpiccirillo Sorry you got hacked. We got the spam as well. I'm glad I investigated. SC #
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  • Wall Street Journal: Home Buyer Credit Gets New Life http://ffs.cc/a/piooy6 TM #
  • Deal of the Day, Elm Street edition: 6 bed/4 br 4,200 sq. ft. “Deal” in Sleepy Hollow, N.Y. http://ffs.cc/a/vhoh4i TM #
  • Met some amazing brokers at the Sotheby’s International Realty Manager conference in Jersey City. LY #
  • Deal of the Day, World Series edition: 4 bed/3 br 2,350 sq. ft. Philly fixer upper. Pot. equity = $12,100 http://ffs.cc/a/6u6r5k TM #
  • Free email newsletter: Hot real estate markets in the U.S. in 2009 and beyond — http://bit.ly/3NQYPl TM #
  • Deal of the Day, Last Frontier edition: 5 bed/5 br 5,380 sq. ft. Alaskan refuge. Pot. equity = $359,925 (97% under!) http://bit.ly/xkfa8 #
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  • Coldwell Banker Global Management Summit was a great experience. LY #
  • BLASTO! Bookmark our custom URL shortener. All the cool real estaters are doing it. It’s Twitterlicious: http://blasto.ffs.cc/ TM #
  • America’s Strange Homes For Sale http://bit.ly/48BBHR SC #
  • Uh oh! House From ‘Rain Man’ Movie Facing Foreclosure http://bit.ly/bg0bJ TM #
  • Success: If A is success in life, then A equals x plus y plus z. Work is x; y is play; and z is keeping your mouth shut. – A. Einstein SC #
  • Headed to the Global Management Summit for Coldwell Banker LY #

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chicago-forecloures

That’s how Kendi Kiogora, a 28-year-old first-time home buyer, described her recent experience at a Chicago-area auction, anyway.

And when you hear about the deal (or steal) she made off with it’s hard to argue otherwise.

Kendi purchased a “one-bedroom, one-bath apartment in Chicago’s trendy South Loop neighborhood, with skyline views and heated parking, for just $105,000,” according to Reuters.com feature today. The final sale price was $62,000 less than its last listing and well below true market value.

Her good fortune is just more proof that it’s a buyers market. Plain and simple. Opportunities to buy homes at deep discounts have never been better than they are right now.

And according to Dave Webb of Hudson & Marshall, one of the biggest players in the real estate auction business, more amazing deals could flood the market in the very near future.

Here’s a snip:

“The foreclosures are going to explode again.”

Why?

Mr. Webb points to moratoriums that have or are about to expire on foreclosures, which were put in place months ago by major lending institutions and banks to minimize defaults and stabilize the market.

However, this well-intentioned move may have just delayed the inevitable and, as the report suggests, an “avalanche of new repossessions” could be on the horizon.

So keep your eyes peeled in the coming days and months for your winning real estate ticket on Foreclosure.com. Or just use our FREE foreclosure email alerts and we’ll keep our eyes peeled for you.

To check out upcoming real estate auctions from Hudson & Marshall in your area click here.

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