Jamie Smith Hopkins
The Baltimore Sun
August 22, 2011
Andrew Wells is hoping to buy a Baltimore home for around the cost of an old car: Less than $10,000.
Turns out he’s in good company.
One of every 10 city homes sold during the first half of the year — about 275 in all — fell in that price range. Twice as many sold for under $20,000.
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Often foreclosures, these properties are usually in bad shape but seem like deals to real estate investors and the occasional hopeful owner-occupier — such as Wells.
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