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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (56332)6/19/2006 1:20:24 PM
From: Broken_ClockRead Replies (1) of 306849
 
Don't know about other states but in Hawaii the lease is not necessarily voided during foreclosure. Up to the judge. Most bidders at auction don't know that. Imagine buying a home only to find out the tenant or, worse yet, previous owner, doesn't want to move out....It could be easily 6-9 months before you would gain occupancy to your 'new' home. All the while a good chance you are running a big negative.
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