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re: Borrowers stopped paying mortgage in June '07. Bank didn't foreclose until May '23
Posted on 10/5/23 at 11:22 am to stout
Posted on 10/5/23 at 11:22 am to stout
Guy in 04..06 time frame bought 6 rental houses made the first two mortgage payments then stopped. Took 5 years to foreclose on them all. But was collecting 2k a month rent on them for that time and had his primary mortgage paid off
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