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In one area Zillow lists more than 3,500 homes as foreclosures or pre-foreclosures, yet there are actually 76 foreclosures for sale. Condition issues usually mean cash only because financing isn’t viable. Payments are allowed to be caught up by the owner up to closing day for a buyer.
If a for sale by owner does not disclose required condition issues, this can mean trouble after closing. Always use a licensed REALTOR to help you sell and buy. You can net more money and be sure contracts protect your best interest.
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