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Old 31.10.2012, 10:30
Züricher Züricher is offline
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Re: Bidding on a house. What is the trend?

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You'll probably only find out from the bank what they value the property at. Going beyond that unless you bring a large amount yourself will result in a No from them.

The amount loaned must be less than their value of the house. And bear in mind that they may go to auction to shift the house rather than the open market (should there be a need to foreclose).
I think I could not get what you mean in your last sentence..
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