Thread: Mortgage Times
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Old 05-04-2007, 12:49 PM
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mikejr mikejr is offline
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Default Re: Mortgage Times

we just had a file recently that the bank just deeded over to some investor. The unpaid balance was about $50K, we had the property on the market for $20K and the unpaid taxes were $17K. This client wont close a deal with a negative proceeds so they just deeded it over to someone. So in this case, they lost 100%.
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