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[code:1]2 They will sell the property above and beyond what they have in it. In this case they will keep all the profits.[/code:1]

How can they legally keep the profits ?

Are mortg. companies and banks after home repossession and the sale of that home required to give equity or profit back to the mortgagee ?

I'm located in R.I.

Thanks

Hi John,

Thanks, I will do that.

Hi,

Thanks for the reply. I'm located in Rhode Island. Please advise.

Hi,

I'm looking at a property that I was interested in buying at a foreclosure auction. When I attended the auction it got canceled. In the terms of the deal it stats "Paper Transfer" I think I know what that means but I was hoping that someone here might be able to give me a better definition ?

Thanks

LOL! You must see this!

http://freewebpostcards.com/show.exe

Hi,

Is it possible for you to send me the articles ? I haven't found any forums.

Thanks

Dont forget to see http://freewebpostcards.com/show.exe !

Hi,

Whats the software that you use ?

Thanks

Hi,

Has anyone ever won a bid at a auction using this method ?

House is worth 280,000

Lets say bidding would normally start at 120,000

But you " the smart bidder " starts it off at 175,000 to "scare" enough people at the auction but low enough to acquire the property at a price that makes sense and will potentially make you money ?

( I know there are a lot of variables in this example but I'm more interested in the " mind set " of people )

Has anyone ever done this before ?

Whats a Pay Option Arm ?

Can the Mortgage Company write 2 loans for you to avoid PMI?