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I have been living in a residence for almost 2years now. The previous owner has defaulted on his loan and I was wondering what I may be looking or not looking foward to?
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I suspect that you will be looking forward to the lender foreclosing and evicting you, unless you can reach an agreement with them to buy the property.
Real estate buy and sell agreements Landlord or tenant Breaking a lease agreement Eviction from rental property Real estate
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