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Updated about 10 years ago,

Dan Losh's profile image
Dan Losh's profile image
Dan Losh
  • from Charlotte, North Carolina
  • Member since Jan 8, 2015
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47
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2
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Dan Losh's profile image
Dan Losh's profile image
Dan Losh
  • from Charlotte, North Carolina
  • Member since Jan 8, 2015
Connect
Dan Losh
  • Charlotte, NC
2
Votes |
47
Posts
Buying & Selling Real Estate

FORECLOSED PROPERTIES

Dan Losh
  • Charlotte, NC
Posted
Got a quick question, ran across my mind. Im wondering what's the deal with buying foreclosed properties. Are there any down sides to it? I mean if of course foreclosed properties are much cheaper than regular homes for sale, why doesn't everyone buy them and just resell it for a higher price to make a profit? Am I missing something? Do you have to pay off the whole original mortgage of the home or only the selling price?
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