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A foreclosure agent will be able to answer your questions in under an hour probably. If you buy one at auction maybe throw them a few hundred for their time, or refer all your friends to them. But they may be able to find you something if the market is thick with them.
The foreclosure market here in AZ has pretty much dried up. The house behind us sold as a foreclosure through the MLS last month. Only sold for about 20k below market, and in my opinion needed 30k worth of work...
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