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Updated almost 6 years ago on . Most recent reply

Lou Santiago's profile image
Lou Santiago's profile image
Lou Santiago
  • Member since Jul 31, 2017
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17
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3
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Lou Santiago's profile image
Lou Santiago's profile image
Lou Santiago
  • Member since Jul 31, 2017
Connect
Lou Santiago
3
Votes |
17
Posts
Starting Out

Foreclosures & Judgements

Lou Santiago
Posted

Assume all these numbers are 100% accurate. This property is going to be auctioned. I can't see how someone will be willing to pay at the very least $157,000 which is what it's estimated at. My questions is what will the bank do? How will an investor take advantage of this situation? It seems as if the bank will lose money regardless... I'm new to real estate investing and I'm exploring, so any strategies or advice will be greatly appreciated.

Thanks!

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