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Foreclosure And The Mortgage Company

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Foreclosure And The Mortgage Company

Doesn’t the bank or mortgage company want to get this home off their books; after all, they are not in the real estate business.

Absolutely. However, as a rule of thumb, for every $1,000 they reduce the price, they can keep the home another 30 days. Furthermore, it is our job to keep the Seller informed of current market conditions.

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