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Updated over 8 years ago on . Most recent reply

User Stats

213
Posts
57
Votes
Nate Wightman
  • Investor
  • Denver, CO
57
Votes |
213
Posts

How not to lose a foreclosure deal that is under contract??

Nate Wightman
  • Investor
  • Denver, CO
Posted

Hi all, we have a property that is in foreclosure but still controlled by the seller.  We have it under contract. Question... what prevents someone from breaking contract and selling to a better offer if they have not much to lose.  Is this a deal we should go find cash to secure quickly or is it safe to wait for loan.... 27days :(

remember we don't "have to" we do "get to"

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