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Old 05-18-2009, 07:51 PM
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Default Mortgage Foreclosure question?

We had to sell our house back in 07' because we had some complications with a lender and they would not let us finance any longer (small group of investors). Anyways we sold it to some guy that basically gave us like 50k and took it out off our hands. Supposedly he had it financed for like 1.2 million. Anyways the house at the time may have been worth it. But according to zillow and current market prices (miami) zillow says its worth $730k. Just recently last week the current owners were busted because they were growing marijuana in it! Anyways the house has that bad history on it. How much do you think would could buy this house in the current market situation. I'd also like to add it looks like its been neglected. We had lived there 10 years prior. We would not mind moving back we loved everything about it but were forced to sell. We were thinking we could get it for 500k is that possible?
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