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Old 01-07-2009, 09:05 AM
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Join Date: Jan 2009
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Default Regarding an REO foreclosure, websites usually...
...list a REO "sale price", is this the price to own the house? For example, if you consult any foreclosure website looking for REO properties, they usually mention that the sale price is for example $20,000. So does this $20,000 represent the final price that i should pay to the bank to own the house? or is the $20,000 a part of a bigger sum that I have to pay to the bank??? I am a bit confused on this, thank you for your help.
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