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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,654
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I'm looking at a waterfront home right now that is listed for far below what was owed.
The bank has already reposessed it, and it is sitting, empty. If I buy it, I will be displacing no one. In this case, the bank is hurting, and the price keeps dropping.
I might buy it for my family, or I might go buy a couple more smaller rental homes.
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