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Updated about 10 years ago on . Most recent reply

User Stats

30
Posts
19
Votes
Michael Clemson
  • Minneapolis, MN
19
Votes |
30
Posts

Newbie pre foreclosure question

Michael Clemson
  • Minneapolis, MN
Posted

if a home went into pre foreclosure 1.5 years ago and the sale is in 2 months, and the home is worth $130k, and the owed amount in the filing is $50k, what's stopping me from finding the owner and buying it for $80k so the homeowner keeps some money and saves her credit? How does this work, or am I straigt up fabricating stuff?

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