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Elizabeth Duke, a Federal Reserve governor, advocates alternatives to sale for foreclosed homes, including renting out the properties.

The federal government is pouring billions of dollars into distressed areas, creating opportunity as neighborhoods stabilize.

A deal should make sense whether or not the property appreciates, an investor says.

Contract signings for July are up 5.2 percent, indicating closings could also be heading up in the months ahead.

Companies are offered big incentives to put down roots and create jobs in a depressed area.

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