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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Offer on a PreForeclosure Posted by Tom on April 27, 2009 at 8:29 AM In Reply to: Offer on a PreForeclosure posted by Holly on April 25, 2009 at 1:29 PM This is similiar to the question posed by Dawal in the previous post. Let the agent worry about getting the offered accepted. They have a vested interested and that's what they getting paid to do. You should be able to buy it for considerably less at the foreclosure auction. You have an advantage over other bidders, if any, in that you've seen the interior of the house. Remember that you must pay the accrued taxes and any other prior liens to the foreclosing party's lien. This assumes that your offer didn't include any conditions in your offer that you couldn't live with if you were the successful bidder at the TS. Don't assume that you can buy it cheaper as a REO. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : This is similiar to the question posed by Dawal in the previous post. : Let the agent worry about getting the offered accepted. They have a vested interested and that's what they getting paid to do. : You should be able to buy it for considerably less at the foreclosure auction. You have an advantage over other bidders, if any, in that you've seen the interior of the house. Remember that you must pay the accrued taxes and any other prior liens to the foreclosing party's lien. This assumes that your offer didn't include any conditions in your offer that you couldn't live with if you were the successful bidder at the TS. Don't assume that you can buy it cheaper as a REO. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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