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Buying bank-owned property is usually an little tedious, since quite a few paperwork may be needed by the lender before you'll get a complete house a wager. There is a hidden advantage in this that will help you negotiate prices and even fees or closing operating costs. You can negotiate for big discounts, especially if the property already been difficult to turn over or has not moved in a long time. A smart investor discovers how to turn this to his favor.

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