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Northrim Bank launched the Alaskanomics blog to provide news, analysis and commentary on Alaska’s economy. With contributions from economists, business leaders, policy makers and everyday Alaskans, Alaskanomics aims to engage readers in an ongoing conversation about our economy, now and in the future.

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Friday, September 10, 2010


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Remember that you may not know everything about the property before you bid on it or put in an offer. In some states, the property is auctioned and you might not get the chance to see it before you buy. This could spell trouble if there is structural damage to the home. Keep in mind that most of the time those who are being evicted from their home will take the appliances. Some will even damage or vandalize the home, and most distressed home owners have no money to use to keep up a home, which means the home may have problems that will cost a lot to fix. Be sure you factor in the cost of potential repairs when considering how much of a bargain a particular property is going to be.

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