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At the repossession sale, the lending institutiontriesequivalent to the balance of the financial obligation real estare marketing . If no otherbidders bid greater, then the loan providerreceives title to the property.
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The purchaser had properties of $90K, which he intended to spend on remodellings. (Keep in mind that word remodellings.) He had a flip purchaser, a physician, who was mosting likely to pay $600K when the “remodellings” were complete.