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Be prepare to wait and sometimes with disappointment. Title report will show liens like Randy said. I had a Fanny Mae home on the hook with a 10 day escrow about 6 months ago. it was going to be our vacation home in the mts, but Fanny Mae pulled it from under us one day before close of escrow without giving us any reason. My agent or Broker told us that they do not have to give us anything reason whatsoever. We were pissed. I found out that the very same house was sold again about three weeks ago for 25k less then our offer.
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