You just can't own enough homes you know! Mike and I put an offer on a foreclosure here in the Phoenix area on Saturday. We met we the loan officer today and was approved for the loan, and now our Realtor Lori can take our offer to the banks (there are three loans on the home) and hopefully get our offered approved.
Foreclosures take several months to buy. The banks don't move that swiftly, and there is a steps that have to be followed. We might proud owners of a new home Dec 31, 2007 which is the date we've set for closing.
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