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Buying houses today is entirely different than it was only months ago. Declining property values have left many homeowners owing more than their house is worth. Borrowers holding subprime loans are unable to pay their mortgage and many are facing foreclosure.
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Looking to buy a house in Northeast Los Angeles - NELA, as it is known - but unclear of the process and amount of money needed? A licensed Realtor can help you figure it out. But for ballpark purposes, it might help to do some preliminary study on your own.
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