Finding gold in them thar foreclosures (AP)

In this May 4, 2010 photo, Casey Doran, of Posted Properties and also a licensed realtor for Red Brick Realty, walks past a filthy pool as he examines a home while gathering information for his bosses before the foreclosed home goes to auction in Mesa, Ariz. At the top of the housing boom, certain cities drew investors like magnets. In Phoenix, speculators bought up houses, largely with borrowed cash, trying to take advantage of fast-rising prices. Those who didn't sell in time were stung when the market collapsed. But early last year, a new crop of investors, many buying with their own cash, ventured in, sensing opportunity. In the months since, the share of homes bought by investors at daily auctions has multiplied more than fivefold. (AP Photo/Ross D. Franklin)AP – If we’re going to search for gold in the wreckage of the mortgage crisis, then 6:57 a.m. in front of 1009 W. Juanita Ave. is as good a time and place as any to start.

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Finding gold in them thar foreclosures (AP)

In this May 4, 2010 photo, Casey Doran, of Posted Properties and also a licensed realtor for Red Brick Realty, walks past a filthy pool as he examines a home while gathering information for his bosses before the foreclosed home goes to auction in Mesa, Ariz. At the top of the housing boom, certain cities drew investors like magnets. In Phoenix, speculators bought up houses, largely with borrowed cash, trying to take advantage of fast-rising prices. Those who didn't sell in time were stung when the market collapsed. But early last year, a new crop of investors, many buying with their own cash, ventured in, sensing opportunity. In the months since, the share of homes bought by investors at daily auctions has multiplied more than fivefold. (AP Photo/Ross D. Franklin)AP – If we’re going to search for gold in the wreckage of the mortgage crisis, then 6:57 a.m. in front of 1009 W. Juanita Ave. is as good a time and place as any to start.

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Finding gold in them thar foreclosures (AP)

In this May 4, 2010 photo, Casey Doran, of Posted Properties and also a licensed realtor for Red Brick Realty, walks past a filthy pool as he examines a home while gathering information for his bosses before the foreclosed home goes to auction in Mesa, Ariz. At the top of the housing boom, certain cities drew investors like magnets. In Phoenix, speculators bought up houses, largely with borrowed cash, trying to take advantage of fast-rising prices. Those who didn't sell in time were stung when the market collapsed. But early last year, a new crop of investors, many buying with their own cash, ventured in, sensing opportunity. In the months since, the share of homes bought by investors at daily auctions has multiplied more than fivefold. (AP Photo/Ross D. Franklin)AP – If we’re going to search for gold in the wreckage of the mortgage crisis, then 6:57 a.m. in front of 1009 W. Juanita Ave. is as good a time and place as any to start.

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Finding gold in them thar foreclosures (AP)

In this May 4, 2010 photo, Casey Doran, of Posted Properties and also a licensed realtor for Red Brick Realty, walks past a filthy pool as he examines a home while gathering information for his bosses before the foreclosed home goes to auction in Mesa, Ariz. At the top of the housing boom, certain cities drew investors like magnets. In Phoenix, speculators bought up houses, largely with borrowed cash, trying to take advantage of fast-rising prices. Those who didn't sell in time were stung when the market collapsed. But early last year, a new crop of investors, many buying with their own cash, ventured in, sensing opportunity. In the months since, the share of homes bought by investors at daily auctions has multiplied more than fivefold. (AP Photo/Ross D. Franklin)AP – If we’re going to search for gold in the wreckage of the mortgage crisis, then 6:57 a.m. in front of 1009 W. Juanita Ave. is as good a time and place as any to start.

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Finding gold in them thar foreclosures (AP)

In this May 4, 2010 photo, Casey Doran, of Posted Properties and also a licensed realtor for Red Brick Realty, walks past a filthy pool as he examines a home while gathering information for his bosses before the foreclosed home goes to auction in Mesa, Ariz. At the top of the housing boom, certain cities drew investors like magnets. In Phoenix, speculators bought up houses, largely with borrowed cash, trying to take advantage of fast-rising prices. Those who didn't sell in time were stung when the market collapsed. But early last year, a new crop of investors, many buying with their own cash, ventured in, sensing opportunity. In the months since, the share of homes bought by investors at daily auctions has multiplied more than fivefold. (AP Photo/Ross D. Franklin)AP – If we’re going to search for gold in the wreckage of the mortgage crisis, then 6:57 a.m. in front of 1009 W. Juanita Ave. is as good a time and place as any to start.

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Finding gold in them thar foreclosures (AP)

In this May 4, 2010 photo, Casey Doran, of Posted Properties and also a licensed realtor for Red Brick Realty, walks past a filthy pool as he examines a home while gathering information for his bosses before the foreclosed home goes to auction in Mesa, Ariz. At the top of the housing boom, certain cities drew investors like magnets. In Phoenix, speculators bought up houses, largely with borrowed cash, trying to take advantage of fast-rising prices. Those who didn't sell in time were stung when the market collapsed. But early last year, a new crop of investors, many buying with their own cash, ventured in, sensing opportunity. In the months since, the share of homes bought by investors at daily auctions has multiplied more than fivefold. (AP Photo/Ross D. Franklin)AP – If we’re going to search for gold in the wreckage of the mortgage crisis, then 6:57 a.m. in front of 1009 W. Juanita Ave. is as good a time and place as any to start.

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Finding gold in them thar foreclosures (AP)

In this May 4, 2010 photo, Casey Doran, of Posted Properties and also a licensed realtor for Red Brick Realty, walks past a filthy pool as he examines a home while gathering information for his bosses before the foreclosed home goes to auction in Mesa, Ariz. At the top of the housing boom, certain cities drew investors like magnets. In Phoenix, speculators bought up houses, largely with borrowed cash, trying to take advantage of fast-rising prices. Those who didn't sell in time were stung when the market collapsed. But early last year, a new crop of investors, many buying with their own cash, ventured in, sensing opportunity. In the months since, the share of homes bought by investors at daily auctions has multiplied more than fivefold. (AP Photo/Ross D. Franklin)AP – If we’re going to search for gold in the wreckage of the mortgage crisis, then 6:57 a.m. in front of 1009 W. Juanita Ave. is as good a time and place as any to start.

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Finding gold in them thar foreclosures (AP)

In this May 4, 2010 photo, Casey Doran, of Posted Properties and also a licensed realtor for Red Brick Realty, walks past a filthy pool as he examines a home while gathering information for his bosses before the foreclosed home goes to auction in Mesa, Ariz. At the top of the housing boom, certain cities drew investors like magnets. In Phoenix, speculators bought up houses, largely with borrowed cash, trying to take advantage of fast-rising prices. Those who didn't sell in time were stung when the market collapsed. But early last year, a new crop of investors, many buying with their own cash, ventured in, sensing opportunity. In the months since, the share of homes bought by investors at daily auctions has multiplied more than fivefold. (AP Photo/Ross D. Franklin)AP – If we’re going to search for gold in the wreckage of the mortgage crisis, then 6:57 a.m. in front of 1009 W. Juanita Ave. is as good a time and place as any to start.

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Closing on a Home? Follow These Tips. (U.S. News & World Report)

U.S. News & World Report – It’s a great time to buy a home. With the real estate crash, prices are way down and mortgage rates have never been lower. But if you are not careful, a new rule recently enacted by Fannie Mae could end your homeownership dreams.

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Closing on a Home? Follow These Tips. (U.S. News & World Report)

U.S. News & World Report – It’s a great time to buy a home. With the real estate crash, prices are way down and mortgage rates have never been lower. But if you are not careful, a new rule recently enacted by Fannie Mae could end your homeownership dreams.

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