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This Steamboat duplex was sold by the Federal Deposit Insurance Corporation after it closed the bank that originally took it back from the developer. Today, the duplex is managed as a vacation rental by Wendy Harvey, of Steamboat Elite Property Management.

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Steamboat foreclosure sales indicate differences in bank-owned properties

Steamboat Springs Realtors increasingly are dealing with distressed properties in the recessionary market. But many say the market for bank-owned homes is more complex than typically understood.

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