Bank Foreclosures In Keremeos

Find Repo Homes and Distress Sales In Your Area

Foreclosures In Keremeos

Foreclosures no longer are scary! Thousands have been helped, so why not you? Click below for foreclosures, power of sale and bank owned homes in Keremeos.

Canadian foreclosures and power of sale home listings

How can I find power of sale homes in Keremeos?

I use Foreclosuresearch.ca for my foreclosure needs because it is a one stop shop so to speak for education and learning about the market and foreclosure process as well as lists of available properties with pictures and descriptions.

This saves me a great deal of time and effort. I don’t have to search the internet for many hours looking at different Realtors websites sifting through houses in Keremeos that are certainly not foreclosures or don’t fit what I am looking for.

Other options for finding foreclosed residential or commercial properties is to contact your local bank to see if they are carrying properties in their portfolio or to contact a local Realtor that concentrates in foreclosure listings. Many Realtors will list whatever property they can get their hands on but they may not be well versed in the foreclosure buying process so you need to be educated before going in.

How to buy a power of sale house in Keremeos with bad credit.

Let me start by saying that shopping for a foreclosed house in Keremeos with bad credit is entirely possible!

You have the option to buy a house for cash at a real estate auction. Your credit doesn’t play a factor at all because you are not taking out a loan. Not everyone has this form of money lying around though so lets take into account other options.

Research federal home buying programs. After the global economic crisis the last few years, banks have started to ease their lending requirements again at the prompting of governments to allow homebuyers the opportunity of experiencing homeownership. There are many programs offered again to help those with low incomes or poor credit to buy homes. Your local housing authority office should be able to help if you don’t find what you need on the net.

Search for buildings in Keremeos and look for loans with low down payments. Save up money for your down payment but expect to pay a moderately higher interest rate due to your lower credit score. You should be able to remortgage in a couple of years after making on time payments to get a lower rate.

How to buy a foreclosed condo in Keremeos, BC.

The initial step is to get pre approved for a mortgage through a bank of your choosing or earn enough money to buy a residence through an auction for all cash.

Next, find condos in Keremeos, BC that you are interested in. Find a Realtor that specializes in foreclosures and will be able to help you through the technique of buying.

If you have questions about the process, I would consider consulting with a real estate or foreclosure attorney before purchasing to make sure you understand the method and the complexities of purchasing foreclosed properties.

Something that needs to be considered before you buy is that some foreclosure properties are not open to having a home inspection done before buying and/or the bank that owns the property may not be willing to make any repairs. This could end up costing you some money to make the repairs after purchasing. This is the only downfall in my opinion when buying foreclosed homes.

How long does it take to buy a foreclosure in Keremeos?

This depends upon how you are buying the property. Properties that are bought in cash at an auction are turned over within a week or two maximum depending upon how much time it takes your funds to transfer to the bank and the title to be completed. Personally, I have had properties transfer to me within three days in most cases.

If you are buying a property through a mortgage then the closing process takes a little bit longer. My practical experience has been about thirty days to closing, which is pretty standard when purchasing a property. The key is to obtain your down payment to the bank quickly and line up monies to pay for your closing costs. Any paperwork that the bank sends you should be filled out right away and sent back to expedite the process.

Are there reasons not to buy a repo house?

repo houses are usually sold “as is,” meaning the bank is not willing to make any repairs before selling the property. This means that any repairs could fall back upon the new owner to take care of. Sometimes the repairs are trivial and other times they are huge.

Often a foreclosed property in Keremeos BC has sat uninhabited for some time so maintenance has been neglected and will need to be looked after immediately.

Sometimes, just because the title has changed to a new owner doesn’t mean that all issues have passed. This is the significance of having a title search done well before buying a property given that liens or lawsuits could be attached to the property and you could inherit them without realizing it.

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    Patience is key here! The bank is in business to make money so they will be trying to get the greatest price for the house that they can.

    Keep in mind that dealing with banks is a mechanical process and usually taken care of by computers and not real people. This can be annoying for you the buyer but it is what it is. Eventually if you are persistent the bank will probably cave if they have no other offers because they know they need to move the property quickly.

    Are Keremeos repo homes good or bad?

    This depends upon your goals and the risk level that you are ready to accept. If you want to take on the potential repairs yourself and not count on the bank to pay for them then this is a great deal!

    Remember to do your research on foreclosures and on your property before buying to know exactly what you are getting into.

    Power of Sale Intro

    There are numerous things you might unknown about the power of sale. When do you know you are faced with a power of sale or foreclosure in Keremeos, and how do you know if it is the right financial investment for you? Provided listed below are responses to 7 frequently asked questions concerning the power of sale, and how it can assist you make informed purchases in British Columbia.

    What is power of sale or foreclosure?

    This is a term that very few daily people have heard of. If you are interested in investing in real estate, especially those on the foreclosure market, then you want to be familiar with this term. A power of sale is a clause that is written into a home mortgage which permits the lender to offer the residential or commercial property in the event of default to pay back the home mortgage financial obligation. It technically is the stipulation that allows foreclosure on a home when a debt is not paid. This type of sale takes place so that the loan provider, which is usually a bank, can recover losses that they incurred by the loan default.

    A power of sale also refers to the power revealed or implied in a trust agreement permitting the trustee to sell the financial investment making up the trust.
    Generally, this stipulation in a home mortgage or trust allows the lender to sell the residential or commercial property without litigating to do so. It is a type of faster way to enable recovery simpler and faster. For those aiming to buy foreclosed home, this is a lot easier as the lending institution does not have to go through the courts to make the sale happen.
    If you are aiming to buy a power of sale foreclosure home, there are some benefits. This consists of an expedited process. Generally a foreclosure through the courts can take a great deal of time; whereas those that go through a contract stipulation can be much quicker.

    Where can you discover power of sale homes?

    It is really easier than you believe to discover power of sale homes. In British Columbia, as in all of Canada, the usual procedure is to offer the residential or commercial property by power of sale, which is unlike the majority of the United States which tends to go through the courts for a foreclosure. Typically, when a home is being sold through power of sale, it actually goes through a real estate agent. That makes it simple to find houses under power of sale. A realtor, or other real estate sites, will likely have listings of power of sale homes in your area.

    How do you buy a bank owned condos in British Columbia?

    It is a fantastic option to purchase power for sale foreclosures in Keremeos British Columbia. The procedure is pretty quick and simple. The procedure for the sale is normally set out in the home mortgage, so they may differ a little bit in a different way for homes depending upon the loan provider.
    In British Columbia, there are 2 types of power for sale – contractual and statutory. A legal power of sale is when the mortgage files have actually consisted of the power of sale provision. A statutory power of sale is when the power of sale clauses is not consisted of, but these are really uncommon.
    The general procedure consists of:
    Notification provided to the borrower after fifteen days of default
    Notification provided to anyone who has an interest in the residential or commercial property
    For contractual power of sales, the debtor has 35 days to pay, if statutory, the debtor has 45 days
    As soon as the duration ends and the default is not corrected, the loan provider can offer the residential or commercial property
    The home can be sold by auction, personal agreement, or by tender. The home is normally listed with a real estate agent and put on the market for sale utilizing multiple listing service (MLS).
    The ownership of the residential or commercial property will alter hands only if the residential or commercial property is offered. This is also not a fire sale, although it is quicker than a court procedure. The offers from the buyers like you are thoroughly taken a look at, and the existing owner might request an accounting.

    How do you discover power of sale listings?

    One of the best methods to find a power for sale listing in Keremeos is to make use of an excellent MLS. These services are readily available on line and provide an extreme quantity of listings so that you can discover the precise house you are trying to find. A site, such as foreclosuresearch.ca, can offer you with all of the listings in British Columbia under power of sale. Websites like this one enable you to search in your location for power of sale property, together with the timing and expenses included.

     

    Are there any foreclosed homes for sale in my local area?

    Obviously there are! According to foreclosuresearch.ca at the time of writing this post, they had dozens of listings of foreclosed farms from all over the area. Investing in power of sale houses can be a terrific lucrative business if done correctly. Visit them or your regional realty representative to discover more about power of sale houses.

    Get more information on buying a home at this link. When buying or selling any home, use a real estate agent for your own safety and peace of mind. Find an agent here. A lawyer would be a good idea also.

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    Bank Foreclosures In Kyuquot

    Find Repo Homes and Distress Sales In Your Area

    Foreclosures In Kyuquot

    Buying a house from foreclosure listings may be a great way to buy a home or investment property at a huge discount! Why don’t more people take advantage of this untapped market of houses? Largely this is because of lack of know-how about the procedure or fear from misinformation they may have heard about buying a foreclosure. Foreclosuresearch.ca is a fantastic resource to learn about the foreclosure market and how best to negotiate a deal that suits your unique needs. Click below for foreclosures, power of sale and bank owned homes in Kyuquot.

    Canadian foreclosures and power of sale home listings

    How can I find foreclosures in Kyuquot?

    I use Foreclosuresearch.ca for my foreclosure needs because it is a one stop shop so to speak for education and learning about the market and foreclosure process as well as lists of available properties with images and descriptions.

    This saves me a considerable amount of time and effort. I don’t have to search the internet for many hours looking at different Realtors websites sifting through houses in Kyuquot that are not really foreclosures or don’t fit what I am searching for.

    Other options for finding foreclosed apartments is to contact your local bank to see if they are holding properties in their portfolio or to contact a local Realtor that specializes in foreclosure listings. Many Realtors will list just about any property they can get their hands on but they may not be well versed in the foreclosure buying process so you need to be informed before going in.

    How to buy a power of sale house in Kyuquot with bad credit.

    Let me begin by saying that purchasing a foreclosed house in Kyuquot with bad credit is feasible!

    You have the possibility to buy a home for cash at a real estate auction. Then your credit doesn’t play a factor at all because you are not applying for a loan. Not everyone has this kind of money lying around though so lets think about other options.

    Research federal home buying programs. There are many programs out there again to aid those with low salaries or poor credit to buy homes.

    Search for residential or commercial properties in Kyuquot and search for loans with low down payments. Save up money for your down payment but expect to pay a slightly higher interest rate thanks to your lower credit score. You should be able to refinance in a couple of years after making on time payments to obtain a lower rate.

    How to buy a foreclosed condo in Kyuquot, BC.

    The very first step is to get pre approved for a mortgage through a bank of your choosing or gather enough money to buy a residential or commercial property through an auction for all cash.

    Next, find condos in Kyuquot, BC that you are interested in. Find a Realtor that specializes in foreclosures and will be able to help you through the technique of buying.

    If you have questions about the process, I would consider talking with a real estate or foreclosure attorney before purchasing to make sure you understand the process and the ramifications of investing in foreclosed properties.

    One thing that ought to be considered before you buy is that some foreclosure properties are not open to having a home inspection done before buying and/or the bank that owns the property may not be willing to make any repairs. This could end up costing you some money to make the repairs after purchasing. This is the only downfall in my opinion when buying foreclosed homes.

    How long does it take to buy a bank owned home in Kyuquot?

    This depends upon how you are buying the property. Properties that are purchased in cash at an auction are turned over within a week or two maximum depending upon how much time it takes your funds to transfer to the bank and the title to be completed. Actually, I have had properties transfer to me within three days.

    If you are buying a property through a mortgage then the closing process takes a little bit longer. My experience has been about thirty days to closing, which is pretty normal when purchasing a property. The key is to get your down payment to the bank quickly and arrange monies to pay your closing costs. Any paperwork that the bank sends you should be filled out promptly and sent back to speed up the process.

    Are there reasons not to buy a foreclosure?

    Foreclosed houses are usually sold “as is,” meaning the bank is not willing to make any repairs before offering the property. This means that any repairs could fall back upon the new owner to correct. Sometimes the repairs are trivial and other times they are huge.

    Often a foreclosed property in Kyuquot BC has sat uninhabited for some time so maintenance has been shruged off and will need to be looked after immediately.

    Sometimes, just because the title has changed to a new owner doesn’t mean that all problems have gone away. This is the importance of having a title search done well before buying a property since liens or lawsuits could be attached to the property and you could inherit them without realizing it.

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    Diligence is key here! The bank is in business to make money so they will be trying to get the highest possible price for the house that they can.

    Dealing with banks is an automated process and usually handled by computers and not actual people. This can be frustrating for you the buyer but it is what it is. Eventually if you are persistent the bank will likely cave if they have no other offers because they understand they need to transfer the property quickly.

    Are Kyuquot repo homes good or bad?

    This all depends upon your goals and the risk level that you are ready to accept. If you want to take on the possible repairs yourself and not count on the bank to pay for them then this is a good deal!

    Remember to do your homework on foreclosures and on your property before acquiring to know exactly what you are getting involved in.

    Power of Sale Introduction

    There are lots of things you may unknown about the power of sale. When do you understand you are confronted with a power of sale or foreclosure in Kyuquot, and how do you understand if it is the right financial investment for you? Supplied listed below are responses to 7 commonly asked questions relating to the power of sale, and how it can assist you make educated purchases in British Columbia.

    What is power of sale or foreclosure?

    This is a term that not many daily individuals have actually heard of. But if you are interested in purchasing real estate, especially those on the foreclosure market, then you wish to be familiar with this term. A power of sale is a stipulation that is composed into a home mortgage which permits the lending institution to sell the residential or commercial property in the event of default to pay back the mortgage debt. It technically is the stipulation that allows foreclosure on a home when a financial obligation is not paid. This type of sale happens so that the loan provider, which is generally a bank, can recover losses that they incurred by the loan default.

    A power of sale also refers to the power expressed or indicated in a trust agreement allowing the trustee to sell the financial investment comprising the trust.
    Essentially, this stipulation in a home mortgage or trust enables the lending institution to offer the property without litigating to do so. It is a kind of faster way to enable healing much easier and faster. For those looking to purchase foreclosed house, this is much easier as the loan provider does not have to go through the courts to make the sale take place.
    If you are planning to purchase a power of sale foreclosure home, there are some benefits. This includes an expedited procedure. Generally a foreclosure through the courts can take a lot of time; whereas those that go through a contract stipulation can be much quicker.

    Where can you discover power of sale houses?

    It is actually simpler than you think to find power of sale houses. In British Columbia, as in all of Canada, the typical process is to sell the property by power of sale, which differs from most of the United States which tends to go through the courts for a foreclosure. Generally, when a house is being sold through power of sale, it in fact goes through a realtor. That makes it simple to find homes under power of sale. A real estate agent, or other realty websites, will likely have listings of power of sale houses in your location.

    How do you buy a bank owned acreages in British Columbia?

    It is an excellent choice to buy power for sale foreclosures in Kyuquot British Columbia. The procedure is quite quick and easy. The process for the sale is typically set out in the home loan, so they might vary a bit differently for residential or commercial properties depending upon the lending institution.
    In British Columbia, there are 2 kinds of power for sale – legal and statutory. A legal power of sale is when the home loan documents have consisted of the power of sale provision. A statutory power of sale is when the power of sale provisions is not consisted of, however these are really rare.
    The basic procedure consists of:
    Notification offered to the customer after fifteen days of default
    Notice offered to anybody who has an interest in the property
    For legal power of sales, the debtor has 35 days to pay, if statutory, the customer has 45 days
    When the duration expires and the default is not remedied, the lender can sell the property
    The residential or commercial property can be sold by auction, private agreement, or by tender. The property is typically noted with a realtor and placed on the market for sale utilizing numerous listing service (MLS).
    The ownership of the residential or commercial property will alter hands only if the property is sold. This is likewise not a fire sale, although it is quicker than a court procedure. The deals from the buyers like you are thoroughly analyzed, and the existing owner may ask for an accounting.

    How do you discover power of sale listings?

    One of the best methods to discover a power for sale listing in Kyuquot is to utilize an exceptional MLS. These services are available on line and offer an extreme amount of listings so that you can find the specific house you are looking for. A site, such as foreclosuresearch.ca, can provide you with all the listings in British Columbia under power of sale. Websites like this one enable you to search in your location for power of sale property, together with the timing and costs included.

     

    Are there foreclosed farms for sale nearby?

    Naturally there are! According to foreclosuresearch.ca at the time of composing this post, they had dozens of listings of foreclosed farms from all over the area. Buying power of sale houses can be an excellent lucrative service if done correctly. Visit them or your local real estate representative to find out more about power of sale homes.

    For more information on buying foreclosed properties please check the information here. Always use the services of a real estate agent when buying or selling any type of property in state. Find a local agent here. A lawyer might be a good idea too.

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    Bank Foreclosures In Lac la Hache

    Find Repo Homes and Distress Sales In Your Area

    Lac la Hache Foreclosures & Power of Sale

    Buying a house from the foreclosure list can be a great way to buy a home or investment property at a huge savings! Largely this is because of lack of knowledge about the process or fear from misinformation they may have heard about buying a foreclosure. Foreclosuresearch.ca is a fantastic resource to learn all about the foreclosure market and how best to arrange a deal that suits your unique needs. Click on the banner below to learn how to get a trial offer of Lac la Hache foreclosure listings.

    Canadian foreclosures and power of sale home listings

    How can I find foreclosures in Lac la Hache?

    I use Foreclosuresearch.ca for my foreclosure needs because it is a one stop shop so to speak for education and learning about the market and foreclosure process as well as lists of available properties with images and descriptions.

    This saves me a considerable amount of time and effort. I don’t have to search the internet for many hours looking at different Realtors websites combing through houses in Lac la Hache that are certainly not foreclosures or don’t fit what I am searching for.

    Other options for finding foreclosed houses is to reach out to your local bank to see if they are holding properties in their portfolio or to contact a local Realtor that specializes in foreclosure listings. Many Realtors will list which ever property they can get their hands on but they may not be well versed in the foreclosure purchasing process so you need to be enlightened before going in.

    How to buy a repo house in Lac la Hache with bad credit.

    Let me begin by saying that purchasing a foreclosed house in Lac la Hache with bad credit is feasible!

    You have the option to buy a home for cash at a real estate auction. Your credit doesn’t play a factor at all because you are not taking out a loan. Not everyone has this kind of money lying around though so lets think about other options.

    Research federal home buying programs. There are many programs offered again to help those with low salaries or poor credit to buy homes.

    Search for houses in Lac la Hache and look for loans with low down payments. Save up money for your down payment but expect to pay a slightly higher interest rate due to your lower credit score. You should be able to remortgage in a number of years after making on time payments to acquire a lower rate.

    How to buy a foreclosed condo in Lac la Hache, BC.

    The initial step is to get pre approved for a mortgage through a bank of your choosing or gather enough money to buy a property through an auction for all cash.

    Next, find condos in Lac la Hache, BC that you are interested in. Find a Realtor that focuses in foreclosures and will be able to help you through the process of buying.

    If you have questions about the process, I would consider talking with a real estate or foreclosure attorney before purchasing to make sure you understand the process and the ramifications of investing in foreclosed properties.

    One thing that needs to be considered before you buy is that some foreclosure properties are not open to having a home inspection done before buying and/or the bank that owns the property may not be willing to make any repairs. This could end up costing you some money to ensure the repairs after buying. This is the only downfall in my opinion when buying foreclosed homes.

    How long does it take to buy a power of sale home in Lac la Hache?

    This depends upon how you are buying the real property. Properties that are obtained in cash at an auction are turned over within a week or two maximum depending upon how long it takes your funds to transfer to the bank and the title to be completed. Actually, I have had properties transfer to me within three days.

    If you are buying a property through a mortgage then the closing process takes a small bit longer. My experience has been about thirty days to closing, which is pretty regular when purchasing a property.

    Are there reasons not to buy a repo house?

    Foreclosed houses are usually sold “as is,” indicating the bank is not willing to make any repairs before selling the property. This means that any repairs could fall back upon the new owner to correct. Sometimes the repairs are small-scale and other times they are serious.

    Often a foreclosed property in Lac la Hache BC has sat vacant for some time so maintenance has been shruged off and will need to be looked after immediately.

    Sometimes, just because the title has transferred to a new owner doesn’t mean that all concerns have passed. This is the significance of having a title search done before buying a property because liens or lawsuits could be attached to the property and you could take over them without knowing it.

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    Diligence is key here! The bank is in business to make money so they will be trying to get the greatest price for the house that they can.

    Keep in mind that dealing with banks is a mechanical process and usually handled by computers and not real people. This can be annoying for you the buyer but it is what it is. Eventually if you are persistent the bank will likely cave if they have no other offers because they know they need to transfer the property quickly.

    Are Lac la Hache bank owned homes good or bad?

    This all depends upon your goals and the risk level that you are ready to accept. If you are willing to take on the potential repairs yourself and not count on the bank to pay for them then this is a good deal!

    Remember to do your due diligence on foreclosures and on your property before acquiring to know exactly what you are getting involved in.

    Power of Sale Introduction

    There are numerous things you might unknown about the power of sale. When do you know you are faced with a power of sale or foreclosure in Lac la Hache, and how do you know if it is the ideal investment for you? Supplied listed below are answers to seven commonly asked questions regarding the power of sale, and how it can help you make informed purchases in British Columbia.

    Exactly what is power of sale or foreclosure?

    This is a term that very few daily individuals have heard of. If you are interested in investing in genuine estate, particularly those on the foreclosure market, then you desire to be familiar with this term. A power of sale is a provision that is written into a home loan which enables the lender to offer the home in case of default to pay back the home mortgage debt. It technically is the clause that allows foreclosure on a home when a financial obligation is not paid. This type of sale happens so that the loan provider, which is typically a bank, can recover losses that they sustained by the loan default.

    A power of sale also describes the power expressed or indicated in a trust agreement allowing the trustee to sell the investment consisting of the trust.
    Essentially, this clause in a mortgage or trust allows the loan provider to offer the property without litigating to do so. It is a type of shortcut to allow recovery much easier and faster. For those aiming to acquire foreclosed home, this is much easier as the lender does not need to go through the courts to make the sale happen.
    If you are aiming to purchase a power of sale foreclosure house, there are some advantages. This consists of an expedited procedure. Usually a foreclosure through the courts can take a lot of time; whereas those that go through an agreement provision can be much quicker.

    Where can you find power of sale homes?

    It is really easier than you think to find power of sale homes. In British Columbia, as in all of Canada, the normal procedure is to offer the residential or commercial property by power of sale, which differs from the majority of the United States which has the tendency to go through the courts for a foreclosure. Usually, when a home is being sold through power of sale, it in fact goes through a realtor. That makes it simple to discover homes under power of sale. A real estate agent, or other property websites, will likely have listings of power of sale houses in your location.

    How do you purchase a power of sale acreages in British Columbia?

    It is a great option to purchase power for sale foreclosures in Lac la Hache British Columbia. The procedure is pretty quick and simple. The procedure for the sale is generally set out in the home mortgage, so they may vary a little bit in a different way for residential or commercial properties depending on the lending institution.
    In British Columbia, there are 2 kinds of power for sale – legal and statutory. A contractual power of sale is when the home mortgage documents have consisted of the power of sale clause. A statutory power of sale is when the power of sale provisions is not included, but these are extremely uncommon.
    The general process consists of:
    Notice given to the borrower after fifteen days of default
    Notice provided to anybody who has an interest in the home
    For legal power of sales, the borrower has 35 days to pay, if statutory, the debtor has 45 days
    As soon as the period ends and the default is not fixed, the loan provider can offer the home
    The residential or commercial property can be offered by auction, private agreement, or by tender. The residential or commercial property is typically noted with a realtor and put on the market for sale using multiple listing service (MLS).
    The ownership of the property will alter hands just if the property is sold. This is also not a fire sale, although it is quicker than a court procedure. The offers from the purchasers like you are carefully analyzed, and the existing owner may ask for an accounting.

    How do you find power of sale listings?

    Among the best ways to discover a power for sale listing in Lac la Hache is to use an outstanding MLS. These services are readily available on line and offer an extreme amount of listings so that you can find the specific home you are trying to find. A website, such as foreclosuresearch.ca, can supply you with all of the listings in British Columbia under power of sale. Websites like this one allow you to browse in your area for power of sale home, together with the timing and costs included.

     

    Are bank owned properties more affordable?

    Generally, power of sale homes is more affordable than going through an individual merely selling their home. This is because the bank only wants to not lose on the deal. They want to make the cash back that they have actually lost from the default. In Canada, any additional money from the sale is returned to the house owner, but if there is a shortfall, the owner is responsible for the difference.

    For more information on buying foreclosed properties please check the information here. When buying or selling any home, use a real estate agent for your own safety and peace of mind. Find an agent here. A lawyer would be a good idea also.

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