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Tips for buying a foreclosure? (1 Viewer)

Also, if you get a construction loan you only have to pay the interest until the house is finished.

 
We sold our little house and have our sights set on a foreclosure in our very small rural town. It's a modular house, but not an actual mobile home. It is 4000 sq ft and the bank wants $283k for it. It's been on the market for a year. Bank of America owns it.

We want to offer about half for it. Thoughts? Insights?
can you post the address here?

 

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