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Updated over 5 years ago,
Buying foreclosed properties that are about to be auctioned
I'm searching foreclosure auctions and I'm coming across properties, for example, that are worth 400k+ and the judgement amounts are 75% or less of the ARV, such as 280k. Does anyone deal in offering the home owners 300k for their 400k+ home, which gives them 20k cash? Are you successful in this approach?