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Now comes the interesting part. Really should house is under water and not in a useful review selling neighborhood or community, and you have some connected with homeowner or condo association, the sale date generally a stone cold bluff. The reason truth that once the bank owns the property, they are liable on the association for association all dues. So in many cases, bank companies will keep resetting the sale date until they 're ready to add another REO property to their rolls. I have seen properties in limbo as of this stage detrimental.
On the addi...