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Re: OT---BUYING UP PROPERTY TAXES
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Posted by Irv on December 25, 2003 at 19:57:22 from (205.188.208.73):
In Reply to: OT---BUYING UP PROPERTY TAXES posted by lenray on December 25, 2003 at 11:50:32:
About 20 yrs. ago, I worked with a guy who was in the 2nd mortgage business, he made some money, but it took years to get it sometimes. In one case he loaned money to a widow, and then tried to foreclose on her house. It didn't work - her brother came on the scene - a lawyer, in court everyday anyway, and he took this guy for a ride! The mortgage guy spent a year just getting his own money back, and never got S*** in interest! This is a tough business, I think. Irv
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