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Fix-and-Flip Market Is So Hot, a 'Slice of Hell' Gets Cash Offers

In a sign of the frenzied demand for dilapidated properties that investors can fix and flip, a $600,000 home described by its real estate agent as a “little slice of hell” has received multiple offers. So reports MarketWatch.

foreclosure 48120 640Many of the offers were in cash, and over the asking price, but Colorado realtor Mimi Foster said that the house is so bad she won’t accept any sight-unseen bids.

“This is mayhem,” Foster told MarketWatch. “It’s like walking into a crime scene.”

Read the full article from MarketWatch.

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