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Old 05-06-2010, 08:42 AM
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oldjudge oldjudge is offline
j'a'y mi.ll.e.r
 
Join Date: May 2009
Location: The Bronx
Posts: 5,404
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Jim--House doesn't even have to bid. This amount can be the reserve on the lot and the auction opens at the reserve. If there are no bids the house has to buy it. If one person bids the house is off the hook.
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