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Foreclosure Forum |
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Re: is this foreclosed by the 1st lender or 2nd?In Reply to: is this foreclosed by the 1st lender or 2nd? posted by jimy on April 20, 2009 at 10:13 AM I would have to say that house would never have actually sold for $1000. I'm willing to bet the bank opened the bidding at that crazy low price AND instructed the trustee to bid on their behalf up to a certain amount. Had a person stepped up and started bidding the sales price would be much higher.
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