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Walker

06/24/09 1:11 PM

#13336 RE: DigitalTradz #13332

You are 100% right - has been discussed many time and is typicaly used to purchase investment properties to speed the financing process.

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Monk

06/24/09 1:12 PM

#13337 RE: DigitalTradz #13332

It has been explained far too many times here that the properties were purchased in a wrap agreement.. although some refuse to acknowledge it...
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Chastain2

06/24/09 1:14 PM

#13346 RE: DigitalTradz #13332

Exactly! If anyone has ever bought or sold on contract for deed, they KNOW that the deed in not transferred until the property is paid off. That does NOT mean that they are not able to say they own it, the deed just has not been transferred yet. Obviously, we have someone who likes to distort truth for their own purposes.