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It ran out of money by April 2018 after helping 53 families buy houses. Elba Schildcrout. Independent, local journalism isn’t cheap, but with your support we can keep delivering it. Donate now.

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Last year marked a high, since 2007, in the number of people trying to buy houses cheap, fix them up. There’s just one problem: lots of people are losing money. An analysis RealtyTrac ran for MONEY.

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