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The bank just accepted mine and my wife's offer yesterday on a bank owned home! Living in Michigan its easy to second guess yourself, but we have secure jobs, got a 2500sq ft house built in 95' for 165k, and we will get the first time credit of 8k. The 8k will cover our down payment and closing and we can get a loan at 5% or better.
>>>>>Told the wife, hey were only putting 3% down, if all goes to hell we can just walk away like everyone else. I hope it never happens, but the way I see it this is a once in a lifetime opportunity to buy a nice house!
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