Buying A House

Hi Everyone,
I am currently in the process of buying a house. I just found out after signing a purchase and sales that the house is in forclosure bY the mtg co. and the town for back taxes. Do have to buy it retail or can I wait for the foreclosure sale?

Thanks
Matt

Comments(2)

  • JohnMichael17th January, 2005

    Sorry my friend but you should have known all this before by doing your own title search!

    What contract clauses did you use?

    If you gave your word to purchase why would you want to back out, did you not believe it was a good deal with you offer?

    Sounds like you are jumping over to the dark side my friend and noting good will come by it!

  • InActive_Account18th January, 2005

    JohnMichael,
    Thank you for your input. It is greatly appreciated. Yes I did get a good deal and did give my word to purchase the home. I was just wondering what some investors might do in this situation.

    Thank You
    Matt

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