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Monday, May 12, 2008

A Flipper Horror Story

Starting four years ago, a guy buys nine homes in Northern California as investment properties. One by one, they slip into default. Now, he's looking at likely foreclosure—and the bank's coming after his own home and assorted assets, which could force him into bankruptcy. Is he freaked out? Nope: "Everyone stumbles. I'm not going to hide or run or live in denial, or with regrets,"he tells Reuters.

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