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advice on a rent/purchase in Florida


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2011 Nov 4, 12:41am   947 views  1 comment

by KP   ➕follow (0)   💰tip   ignore  

I found a townhouse I like that a realtor showed me thats in forclosure. He could rent it to me for $2k. If sold, I would have 60 days to move. It sold for $550K 3 years ago, and a recent forclosure sale(same layout) in the same development sold for 200K. Its a 3/3, 2400 sq ft, built in 2006. I'm thinking about buying it hopefully for around $200K also.

Do I need the realtor, or just go through the bank?
Anything I should be aware of besides liens or lawsuits against the property?
Any advice?

Is it a difficult or long process to buy a forclosure ?

#housing

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1   TPB   2011 Nov 4, 12:57am  

Condo association fees, and out of control Condo board spending and assessments.

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