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"A new low for Realtors". This post Tips for buying another home before yours goes into foreclosure was written by Kathy Neilson. Neilson describes it  on her blog   Here’s what she says it takes to pull this off: If you are considering purchasing another home then letting your present home go into foreclosure here are some tips that will save you trouble later down the line as well as help the transaction run smoothly. 1. You need an excellent lender who can structure your new loan properly; after all there will be questions by the new lender. 2. You need an excellent real estate agent (like me) who knows how to structure this deal. Your real estate agent also needs to know how to find the right home. This may seem strange but not all homes will help the transaction and some actually will hurt your chances of qualifying. 3. There are no longer 100% loans so you will need a down payment. If you don’t have a down payment there are other...
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