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pahunkboy -> RE: Gov. Tax-Foreclosure property sales (11/9/2008 12:07:34 PM)
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OMG yes.
I went to the actual sales, and one has to be carefull.
Somehow the bank must get a better write off if they own it.
My current home was a foreclosure which I bought last year.
I only bought due to the price being right. No one seemed to own the place. Then to get it mortgaged, I had to pay to unwinterize it, put utilities in my name, then have the inspectors come. I spent $2k to make the repairs- all the while it could have fallen thru.
I highly recommend that you viably see in person what condition and what works on it. Often these houses are terribly bad ..in need of repairs.
the banks are slick. so make sure you have someone on your side if you do this.
Im glad I did it, but I was desparate - I was about to be on the street... so I boldly took the chance.
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