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I see what you're saying. We never really considered that I don't think. Just because it gets auctioned doesn't mean we don't still own the debt of the mortgage. By allowing it to go to auction we would no longer have the option of a quit deed should the prior owner ever surface again. He would...
A little back story first. In 2013 my husband and I bought a 5 acre parcel of land in a very country subdivision that had very few developed properties on owner finance contract using a local title company. The property came with CC&R's. The payments were affordable enough. Fast forward to a few...
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