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  • Answer Upon - Forclosure And The Durrett Rule

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    hing called the "Durrett Rule".

    Oh boy... can that be a like a knife in the back. For example: You spend the time and

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    It's probably happened to you...

    Folks learn that you know something about real estate investing and they eagerly ask you about buying foreclosure property.

    The general assumption is that they can buy a beautiful home at a deep discount at a foreclosure auction.

    Their smiles fade when you explain that they will have to pay cash on the spot and they must be able to research title to be sure they aren't buying trouble.

    But wait... there's more... There is also a little something called the "Durrett Rule".

    Oh boy... can that be a like a knife in the back. For example: You spend the time and e

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    ou about buying foreclosure property.

    The general assumption is that they can buy a beautiful home at a deep discount at a foreclosure auction.

    Their smiles fade when you explain that they will have to pay cash on the spot and they must be able to research title to be sure they aren't buying trouble.

    But wait... there's more... There is also a little something called the "Durrett Rule".

    Oh boy... can that be a like a knife in the back. For example: You spend the time and

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    Their smiles fade when you explain that they will have to pay cash on the spot and they must be able to research title to be sure they aren't buying trouble.

    But wait... there's more... There is also a little something called the "Durrett Rule".

    Oh boy... can that be a like a knife in the back. For example: You spend the time and

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    able to research title to be sure they aren't buying trouble.

    But wait... there's more... There is also a little something called the "Durrett Rule".

    Oh boy... can that be a like a knife in the back. For example: You spend the time and

    High Tension for the Buyer and Seller of Real Estate Can Be Reduced
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    hing called the "Durrett Rule".

    Oh boy... can that be a like a knife in the back. For example: You spend the time and effort scouting out a nice home scheduled for foreclosure auction. You search title and scare up the cash to have in your pocket when you go to the sale.

    Hurray... You have the winning bid at the foreclosure sale and buy the home at about a 40% discount to market value. After doing your happy dance you spend the next few weeks doing needed fix up. Then you find a renter and settle back to collect rents for the next few years.

    But wait! Who's that knocking on the door.

    Why it's a

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