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Resource ID: #5326
Subject: Mortgages
Source: Journal (Flint, Mich.)



Flint (Mich.) Journal runs series showing how real-estate speculators were making big money acquiring repossessed houses from HUD then selling them at inflated prices to unqualified buyers; the buyers often default on their loans and the process starts over with the government picking up the tab, Feb. 22-25, 1987.

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