We all know that for the past several years the housing market, and likewise the home loan lending market, has taken a substantial hit. Home values have been dropping for years, banks have severely tightened their mortgage approval requirements and the one thing that could really help the housing market – in increase in jobs – has yet to fully materialize. While many home sellers and homeowners have been walking away from their homes, taking part in short sales and generally being very pessimistic about their future, there are some people who are able to take advantage of the generally bleak economic housing environment and actually take advantage of it.
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