Fisher Funding

Phoenix foreclosed homes are still feeling the effect of flipping. During the robust economy of the early 2000s, Phoenix investors flipped homes and purchased on credit. When the downturn occurred, some investors were able to make a good income, but those with imperfect credit, poor practices, and large loans found themselves in some challenges. In Phoenix, home prices doubled over a period of four years and then declined dramatically.

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Phoenix Foreclosure Homes Still Affected By Flipping Posted By:…

Tags: distressed loans, homes fo, housing-prices, loan mortgage, phoenix, repo home crisis, repo homes, repo houses