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Daniel Spano's Advice

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Daniel Spano wrote:

Does purchasing a home that has been foreclosed on take as long as a short-sale to purchase?

Answer
Usually it takes less time to close on a bank owned property because you are dealing with only one seller (the bank). When dealing with a short sale you are dealing with the seller, the bank approval, the buyers agent and or the sellers agent who have to all agree before the transaction will close escrow.Dan SpanoParadise Real Estate
August 20 2009
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What should I purchase in Lake Tahoe

Answer
It depends on how you will use the property. Personal plus rental, investment only, or personal use only are the three main options. For rental income the Tahoe Keys is my pick, for investment I would purchase a bank owned in Sierra Trac or a condo on the top of Kingsbury Grade. After doing more discovery with the buyer I would be able to conslut more accurately. Dan Spano
August 20 2009
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