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Like any usual auctions, REO auctions begin by using a minimum purchase. This minimum bid will be equivalent to the money and other expenses the bank had up-to-date for this property. If you are the successful bidder, you will get the house in an "as is" condition. This means that someone end up being residing in the home. But in most cases, 신용불량자 대출 a home is not available in the price the bank wanted it to. That it goes to be able to the bank and becomes REO perhaps real estate property owned by the .
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