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Foreclosures

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Naseera Mohamed
  • Jersey City, NJ
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spending on an REO property even before closing

Naseera Mohamed
  • Jersey City, NJ
Posted Jun 10 2014, 15:27

My mortgage broker has convinced my husband to spend on some improvements in the house that we have a contract on,, so that it would appraise correctly and help him get approved for the loan. I am not so convinced this is a good idea. Is this a normal or at-least not-unheard of thing?

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