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Rick, foreclosures always have to sell for less. Doesn't necessarily means that negatively impacts your house. When I went house-hunting a few years ago, the foreclosures were always run down. May look OK from the outside, but insides had been gutted before the previous owners bailed. Ripped up floors and carpets, stolen plumbing and light fixtures, broken cabinets, etc. So if the next-door house is "equivalent" to yours on paper, it should still sell for less. And new owners usually don't want projects.
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Old 11-23-2013, 07:33 AM
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