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Equity Skimming

October 22, 2019 11:08AM
Is Equity Skimming a concern when buying a pre foreclosure subject to the existing loan? I know there is an Equity Skimmng disclosure, but I am not sure if the former seller can sue for equity or if there are penalties for acquiring a home for just the loan amount. (even thought that's exactly what a bank does).
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Equity Skimming

jyobaccio 3411 October 22, 2019 11:08AM

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