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The Baltimore foreclosure houses we have available for sale are much not the same as ordinary houses on the traditional open market. Our real property is on sale from a mortgage bank, as the result of the past owner’s inability to keep up regular payments on their loan. When a homeowner defaults on their loan, the bank will figure out how to gather the remaining obligation owed, and this normally brings about planning for a public sale. On the other hand, numerous real properties are undersold at these public auctions, because the moneylender just needs to collect a share of the loan to settle the obligation. They can sell a home for anyplace from 10 to half off its actual value and still make back enough to cover the obligation!
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