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Foreclosure Auctions Boom as Loans Bust

Los Angeles Business Journal

March 09, 2009

...Delores Conway, director of the Casden Real Estate Economics Forecast at USC's Lusk Center for Real Estate, said the auction business is booming as buyers are attracted to the bargain prices.
"A lot of investors have already moved into the market," said Conway. "They were buying up foreclosures last summer."...