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Foreclosure Forum |
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Re: another questionIn Reply to: another question posted by Rick Spring on April 19, 2003 at 4:55 PM
That sounds rather unorthodox. But I don't presume to know specifics for Louisiana foreclosures. You could be right, but usually the opening bid is for the mortgage amount. (Sometimes less, if the bank wants to demonstrably prove it had no recourse than to retake the property.)
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