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Assuming the realtor gets back to me, I plan on looking at a REO property next weekend. This property might have a number of potential uses (long term rental, vacation rental, vacation home, fix and flip, etc.), depending on what it looks like in person and what price I might be able to wangle. I've bought houses before, but never from a bank. What should I expect to be different? Gotchas to watch out for in the event I bid?
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"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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