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Want to start buying Forclosures

Posted by Elizabeth-North Carolina on July 04, 2001 at 10:38 AM

I want to start buying forclosures. I see notices in the paper where you can obtain the property at auction for $750 or 5% of mortgage. Can you actually buy property for that amount at the auction or do you end up bidding almost the amount of the mortgage. Can anyone help me get started.


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