I have to admit, I was completely new to the term "extend and pretend" when I first heard it a couple of weeks back. The investment real estate market, especially here in Memphis, TN. has been helped along by this strategy but also hampered by it. I was reading an article in my local newspaper and was shocked at what I read. I was so dumbfounded after reading the article that I had to do some research on it before commenting here.
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