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Investors reselling condo units bought during housing collapse

July 11th, 2012

Bulk buyers have resold more than 60 percent of the coastal condominiums snapped up during the housing bust, according to a recent report. The investment groups have unloaded roughly 3,200 of the 5,100 units that were in or near foreclosure, said CondoVultures.com, a Bal Harbour-based real estate consulting firm. Many of the bulk sales occurred [...]

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