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Reply to "A friend of mine is about to get foreclosed on. He is gutting the house and selling everything. "
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[quote=Anonymous]If he's also a neighbor, then you're in trouble. Someone on our street did this and the house sold for a seriously low amount of money -- naturally. This affected the 'comps' for the neighborhood for a good long time. People look on the MLS and they see that the last house in your neighborhood sold for 250,000 and they don't know the circumstances and it makes your house look overpriced when you try to sell it as actual house.[/quote]
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