I was going thru a Foreclose listing and saw someting like this:
Eqty 93% Mkt Val $707,000 Ln Date 06/22/06, Ln amount $50,000.
So, what is this supposed to mean? Does it mean that if I have 50K in cash I can just go and buy it and have 707K equity all in my name?
I am new to all this.
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