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re: how to pick up a foreclosure
Posted on 8/2/12 at 11:19 am to homeskillet
Posted on 8/2/12 at 11:19 am to homeskillet
The best way? Buy from the current homeowner. Say the house is worth 100k. He owes 50k. Offer him 55k. He walks away with 5k I'n his pocket and saves his credit. Win win.
This is obviously dumbed down but you get the drift.
This is obviously dumbed down but you get the drift.
2
Posted on 8/2/12 at 12:27 pm to I Love Bama
(no message)
This post was edited on 1/13/21 at 1:42 am
Posted on 8/2/12 at 3:01 pm to I Love Bama
quote:
The best way? Buy from the current homeowner. Say the house is worth 100k. He owes 50k. Offer him 55k. He walks away with 5k I'n his pocket and saves his credit. Win win.
This is obviously dumbed down but you get the drift.
wait why would someone sell their house for 50% of the market price?
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