Vegas House Bargains Dry Up

[MyCondoNow]

Jonathan Griffin, Michael Pawlak and Chris Iuso all are chasing bargains on foreclosed homes here.

It should be easy. Las Vegas is one of the foreclosure capitals of the U.S., with about one in four households behind on house payments or in mortgage foreclosure. Yet all three of these shoppers—a professional real-estate investor, a county official with federal funds designated for stabilizing neighborhoods and an installer of security systems who needs a new place to live—are frustrated.

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