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Be absolute to include contingencies in your offer to make sure you will possess a time period to thoroughly go over the property and reject the offer if something major is discovered.

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Another advantage is quantity of of the hidden costs you probably have to face when buying foreclosed homes in approach are already solved. Many REO homes are lien, judgment or tax-free, keeps growing bank has already taken having property. Simply because you don't have to pay additional fees on the home, the way you might do a few other forms of sales.

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