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Updated over 14 years ago,
Purchasing REO concern
Hi,
I am in the process of buying a REO duplex. The condition of the house apparently is decent. However since I have no experience in buying REO I am wondering that after purchase I am not saddled with hidden expense that the previous owner failed to pay and the burden of that is being transferred to me as a result of purchase of REO. I would like some advise on this as to how to make sure that the kind of hidden costs I described are not there. That is my fear now. I appreciate any help. Thanks