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Old 05-20-2009, 08:29 PM   #19 (permalink)
The Professor
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Re: missed a payment---do I need an attorney

Purchases at foreclosure sales require that the bidder qualify. Qualification effectively means that you have cash (actually a cashier's check) at least the amount of your bid. My sense is most families that are in foreclosure don't have that much cash lying around.

Daniel
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