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Home Buyer Beware

Bloomington officials have claimed for months the city was not hurt by the housing downturn and banks insisted they were not being more stringent in giving out loans. So why couldn’t a handyman with no student loan debt and enough money in the bank for a sizable down payment get cash from either a bank or the federal government to cover the remaining cost of a home? WFIU’s Arianna Prothero followed the course of a non-traditional transaction which may soon allow more people to get homes without help from a bank.

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