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May 26, 2012, 02:25:13 AM

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Real Estate Investing Forums  |  Real Estate Investing  |  Foreclosures, Short Sales, Tax Foreclosures, Tax Liens Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Credit card LIens/ discounting « previous next »
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shaamrock
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« on: May 07, 2005, 08:24:19 AM »

i spoke with a credit card company and the homeowner owed 8000.00 they would only discount 5000.00 if i want that property i have to pay off the 5000 right? how do i bluff them that i'm just going to let the property to into forclosure and they might not get anything... Also how do i know if the credit card debt is truly attached as a lien on the property?
thanks TOmmy
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Sequan
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« Reply #1 on: May 07, 2005, 10:09:23 AM »

I don't know how you can bluff them.

I guess tell them if they don't work with you they will get wiped out, which is true.

I would only pay them about a 1,000.

You have to do a title searh to see is there is a lien against the property.

Or have someone do it for you.

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Real Estate Investing Forums  |  Real Estate Investing  |  Foreclosures, Short Sales, Tax Foreclosures, Tax Liens Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Credit card LIens/ discounting « previous next »
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