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saengseon

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saengseon
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  • Are Foreclosures a Good Deal [Note: Please don't post the entire contents of a website. Just the link will do, thanks. - LHR]
    in Buying Foreclosed Property Comment by saengseon April 2007
  • There is more risk with a foreclosure and you probably won't get a good deal. Banks pretty much take a loss on foreclosures. They want to get as much as they can out of the deal. I think auctions are a bad idea for the most part because of the…
    in Buying Foreclosed Property Comment by saengseon April 2007
  • I work in a bank. Subprime can be any loan that does not have a substantial downpayment, like 10 or 20 percent. Also, when a borrower states their income and has low ficos, they often get a subprime loan with higher rates. Think prime: good borro…
    in where does subprime begin and end? Comment by saengseon March 2007