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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: buying a foreclosure Posted by Thomas on November 13, 2003 at 3:13 PM In Reply to: Re: buying a foreclosure posted by Ward-CA- on November 09, 2003 at 10:50 PM Thanks for the reply. : : Hello: : : What is the best way to purchase a foreclosure or take over the payments of a property in pre or foreclosure if you have a personal bankruptcy within the last 3 months? : =========== : Thomas, : Assuming you have enough cash (about 20K), the only way you're going to be able to wheel and deal without good, current credit is approaching owners in default before the foreclosure auction. : You'd take title subject to the existing financing and reinstate the delinquent liens for about 8K and do about 10K in rehab and give the ex-owner's an advance of about 5K to move. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Thanks for the reply. : : : Hello: : : : What is the best way to purchase a foreclosure or take over the payments of a property in pre or foreclosure if you have a personal bankruptcy within the last 3 months? : : =========== : : Thomas, : : Assuming you have enough cash (about 20K), the only way you're going to be able to wheel and deal without good, current credit is approaching owners in default before the foreclosure auction. : : You'd take title subject to the existing financing and reinstate the delinquent liens for about 8K and do about 10K in rehab and give the ex-owner's an advance of about 5K to move. Optional Link URL: Link Title: Optional Image URL: [ 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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