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Updated over 9 years ago,

Lana Matovcik's profile image
Lana Matovcik's profile image
Lana Matovcik
  • Investor
  • from Pasadena, Maryland
  • Member since Apr 18, 2015
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Lana Matovcik's profile image
Lana Matovcik's profile image
Lana Matovcik
  • Investor
  • from Pasadena, Maryland
  • Member since Apr 18, 2015
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Lana Matovcik
  • Investor
  • Pasadena, MD
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Foreclosures

Buying foreclosures

Lana Matovcik
  • Investor
  • Pasadena, MD
Posted

hello all!  Newbie question here.  For my first foray into this realm, I am looking at a foreclosure auction.  This is the second lien holder foreclosing on a $50,000 loan.  The house also has a first mortgage of $350k.  House valued at $550k. Problem is it is still occupied by the owner.  Would you bid on an owner occupied forclosure?  How do you get them out?  Thanks for your thoughts! 

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