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Old 01-08-2009, 11:42 PM   #16
Phanuthier
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Join Date: Feb 2002
Location: Silicon Valley
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Quote:
Originally Posted by Slava View Post
The catch on a lot of these houses are the back taxes. Not that there are not some great deals to be had, but when the prices are that low there is probably a reason.
Anything else, because damages to the house? I have been thinking about picking up one of those forclosures down in San Jose, and there is a few condo's going for $26k when they should be $250k. I haven't followed through on it cause it just seems to good to be true, and I don't want to get myself into any surprises.
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