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Reply to "What does "all cash" mean?"
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[quote=Anonymous]We did all cash with a check from the bank that was money pulled out of our investment accounts, there was no other way we would get the house because it was a very competitive foreclosure situation. We then turned around and got a HELOC to do repairs needed and once done we got a mortgage. The money went back into the account after a couple of months. Worked out well, our house has quadrupled in value and the money has also multiplied many times since we did this (15 years ago though). [/quote]
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