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It sounds like you submitted an offer on a foreclosure property? If it is bank owned, then the seller will open escrow and you will need to give your deposit to escrow comp ... more
That's a bad situation for your friend. Sorry to hear about your friend's troubles.
Your friend should obtain legal advice from a lawyer. It is curious that ... more
If its in pre-foreclosure and the owner is selling himself, then you enough time to think further. Even if they get an offer tomorrow, it will take a month or more to get it ... more