Quote:
Originally Posted by Hatterasguy
I have one house now I have been following for two years. I still don't know who actually owns it. I know a couple of guys in the midwest who rehab and rent them before they close on them with the bank. The bank is so screwed up they never catch on.
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Interesting model -- though it seems like a hell of a risk if ownership is screwed up and the bank can't/won't sell it. They might be out a lot of money for work if they can't recoup it with a few years' rent.