Quote of the day: Why pay full price?

“To me, it doesn’t make sense to buy something on the retail market when you can buy a foreclosed home so far under the market.”

– Real estate agent Christian Chase, quoted on Chicago Magazine’s Deal Estate blog. Chase, who has bought, cleaned up and put back on the market a handful of foreclosed homes recently, launched a foreclosure-shopping Web site last week that allows you to search for foreclosure and short sale properties in any Chicago-area zip code, neighborhood or town.

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