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Foreclosure Forum |
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Buying 2nd TDs, risky?If I understand correctly what I have read from past posts, it appears that if I were to buy a 2nd TD, then my only hope of cashing out would be if the property never went to foreclosure auction, is that correct? If you do get a great deal on a 2nd, is your only hope that the owner sells the property prior to auction or refinances the loan?
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