This is a discussion on foreclosed property within the Other Real Estate Law Matters forum, part of the REAL ESTATE & PROPERTY LAW category; I am thinking of investing in a property that has been foreclosed on and was worried about what the ramifications ...
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|Sep 22nd, 2008, 08:08 PM||#1|
I am thinking of investing in a property that has been foreclosed on and was worried about what the ramifications would be if I did purchase this property. Specifically, I was worried if the prior owner had some outstanding debt with the city, Water bill, gas bill or sewer charges, would I be responsible for his bills? Also, what if he is still living in the house after I buy it, what can I do if he refuses to move out? What should I particularly be careful about when buying a foreclosed property?
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