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Re: Bidding formula for foreclosures

Posted by john wilson on August 24, 2006 at 4:15 PM

In Reply to: Bidding formula for foreclosures posted by Nate on August 24, 2006 at 2:52 PM

offer him $135,000. therefore you could do 100% financing. you'd split the remaining equity (too greedy is trouble). remind him of his alternative with the cost of the the broker ($9000) wouldn't get much more.

I'll do it with you and split the profit


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