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1 Comments on Foreclosure, just needs some TLC, Great opportunity for First Time Buyer!
The first time buyer in many cases is strapped for cash. And so buying a home that needs TLC means they have to come up with cash to make repairs. Yes the price is low but that is spread out over 30 years. The 2 -5 k they need for tLC they need right away. So what do they do. They borrow, They go into debt and any bump in there financial cash flow forces them into foreclosure. And the wheel spins!!!!
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