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Old 05-02-2011, 04:32 PM
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Default Why would a home be in foreclosure if the...

...previous owner only lived there for less than 5 months? We put in an offer on a home that was an excellent price. It was in foreclosure and had 6 offers within four days. It was just purchased in October of 2010, and now it was listed at the end of April 2011. What would cause someone to lose the home so quickly? My main concern is the septic system. I've never had one and know they are pretty pricey if they need to be repaired. The ground is dirt where you would think the septic tank would be, but we are not certain. We do plan on having it inspected, the whole house and the septic system. I'm worried that the previous owner purchased (for double the price it is going for now) a few months ago and already lost it! Why?? And is there any way to see what happened for sure?Doesn't the person or family have a year to sit in the home until it is taken from them? That's what I have heard. It doesn't happen that quick does it?Purchase in October, pay for almost half of the house, and be out of it by April? Seems way too soon.
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