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Joe Nunez

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Buying Depreciated Properties from Owners

It is fairly easy in my area to find homeowners that just want out of their properties prior to foreclosure. A typical deal is where the owner owes $275K on the 1st T,D,, and 75K on the 2nd, but the property is only worth $200K at the present. He is willing to sell for $150K, but how do we get around, or appease, the holders of the 1st and 2nd T.D.??

Joe Nunez