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10 cheap homes for sale by Uncle Sam

Phoenix-Mesa-Glendale, Arizona
Phoenix-Mesa-Glendale, Arizona
Area rental vacancy rate: 13.7%
Area home price drop since peak: 50.3%
Home sale price: $38,000 or an estimated payment of $223/month
Features: Four bedroom, two bathroom single-family home built in 1972


NIn-Hai Tseng @FortuneMagazine - Last updated December 12 2011: 3:40 PM ET
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