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Betty Druzin
Home Buyer
Canada

There is a condo in Hallandale that was foreclosed on April 8 and the bank bought it for $100.00. I am

Thu May 1 2008, 18:43 - 33009 - Home Buying - 3 answers

interested in buying it from the bank. How should I proceed?

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Answers (3)

FIRST: Jeannette Ne…

Ryan
Real Estate Pro
Ft Lauderdale

Mon May 12 2008, 11:51

If you email me the address I will find out which real Estate office will be handling the property. I also can provide financing for if you need it. I specialize in Foreign National Programs and I can get you a great rate!

Ryan Brandenburger
Community Mortgage
954-764-7064

Web Reference: http://www.communitymortgageloans.com

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Barry Cunningham
Real Estate Pro
Fort Lauderdale

Thu May 1 2008, 19:50

Hi Betty...the bank did not "buy it" for $100, they bid what was owed and no one out bid them and as such they merely won the opening bid at auction. In order to proceed it must be determined if the bank has title yet and once that is determined, the bank will eventually put it back on the market but it could take months.

If you post the address, anyone can look it up and advise you further.

Web Reference: http://www.realestateradiousa.com/blog

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Jeannette Neerp…
Real Estate Pro
Pembroke Pines

Thu May 1 2008, 18:56

FIRST ANSWER

Betty

Sometimes banks take a while to place it back on the market. If you would like email me the address of the home you are interested and I will see where the bank is on it. Jeannette@Neerpat.com

Web Reference: http://www.Neerpat.com

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