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Buying homes at repo auctions
Next month, in the Phx area there are over 300 repo homes being sold at auction, min bids start at $1000.00.
Has anybody had experience buying a home at this type of auction, if so what was your experience?
Can you really get a home for 1,000 plus, or do investors drive the drive up pricing to 20% + or - below recent appraisals?
Thanks
Dan
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