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Home Buyers Competing With Investors for Foreclosures

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There's still a glut of distressed and foreclosed homes in California with even more hitting the market soon. Those homes represent plenty of opportunities for aspiring homeowners looking for bargain-basement prices. Or so it would seem. But house-flippers and other professional investors are flocking to California's most depressed housing markets, creating tough competition for people looking to buy an affordable home.

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