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Newbie Help - Akron Foreclosures
Hi BP,
I have recently started looking at the market around my small hometown as well as the market around Akron, Ohio because I plan on going to college there. When i went on to Zillow and Realtor.com, I quickly found that there were an overwhelming amount of foreclosures in the city (I was focused on single family and multi-family homes). I do realize that I have only looked at a couple of cities but it still seems strange to me. Are there a lot of cities with a lot of foreclosures like Akron? Also, is it a bad idea to invest in real estate in a city where most of the properties listed are in foreclosure even if everything is cheap? Just wondering, wouldn't be too hard to step outside of Akron just curious.