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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: renovator who wrote (63484)10/7/2006 9:52:33 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
A foreclosing bank would certainly have every incentive to sell a foreclosed home to the existing renter, if they qualify.

The foreclosing bank will likely want to tag the existing owner with a deficiency judgment no matter who they sell the property to.
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