Bank Foreclosures In Temagami

Find Repo Homes and Distress Sales In Your Area

Temagami Foreclosures & Power of Sale

Buying a house from foreclosure listings may be a great way to buy a home or investment property at a huge discount! So, 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 untrue stories they may have heard about buying a foreclosure. Foreclosuresearch.ca is a great resource to learn all about the foreclosure market and how best to negotiate a deal that suits your unique needs. Click on the banner below to learn how to get a trial offer of Temagami foreclosure listings.

Canadian foreclosures and power of sale home listings

How can I find bank owned homes in Temagami?

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 procedure as well as lists of available properties with photos and descriptions.

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

Other options for finding foreclosed residential or commercial properties is to get in touch with your local bank to see if they are keeping properties in their portfolio or to contact a local Realtor that concentrates 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 distress sale house in Temagami with bad credit.

Let me start by saying that buying a foreclosed house in Temagami with bad credit is entirely possible!

To start with, you have the alternative 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 kind of money lying around though so lets think about other options.

Research federal home buying programs. After the global economic crisis the last several years, banks have started to loosen up their lending requirements again at the urging of governments to allow homebuyers the chance of experiencing homeownership. There are many programs available again to aid those with low incomes or inadequate credit to buy homes. Your local housing authority office should be able to assist if you don’t find what you need online.

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

Tips on how to buy a foreclosed condo in Temagami, ON.

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

Next, find condos in Temagami, ON 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 speaking to a real estate or foreclosure attorney before purchasing to make sure you understand the process and the complexities of purchasing 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 want to make any repairs. This could end up costing you some money to ensure the repairs after purchasing. This is the only problem in my opinion when buying foreclosed homes.

How long does it take to buy a power of sale home in Temagami?

This hinges on how you are buying the house. 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. Personally, I have had properties to me within three days in most cases.

If you are purchasing 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 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 power of sale home?

repo houses are usually sold “as is,” suggesting 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 significant.

Often a foreclosed property in Temagami ON has sat vacant for some time so maintenance has been ignored and will need to be dealt with immediately.

Sometimes, just because the title has changed to a new owner doesn’t mean that all difficulties have vanished. This is the significance of having a title search done well before buying a property due to the fact 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.

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

    Are Temagami repo homes good or bad?

    This all relies on your goals and the risk level that you are ready to accept. If you are willing to take on the possible 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 acquiring to know exactly what you are entering into.

    Power of Sale Introduction

    There are numerous things you may unknown about the power of sale. When do you know you are faced with a power of sale or foreclosure in Temagami, and how do you understand if it is the right financial investment for you? Supplied listed below are responses to 7 commonly asked questions regarding the power of sale, and how it can help you make educated purchases in Ontario.

    What is power of sale or foreclosure?

    This is a term that not many everyday people have actually heard of. If you are interested in investing in real estate, especially those on the foreclosure market, then you desire to be familiar with this term. A power of sale is a stipulation that is composed into a mortgage which permits the lending institution to sell the property in case of default to pay back the home loan financial obligation. It technically is the provision that enables foreclosure on a home when a financial obligation is not paid. This kind of sale happens so that the loan provider, which is normally a bank, can recover losses that they incurred by the loan default.

    A power of sale also describes the power revealed or implied in a trust agreement allowing the trustee to sell the investment comprising the trust.
    Basically, this stipulation in a home loan or trust allows the lender to offer the home without going to court to do so. It is a kind of shortcut to allow recovery much easier and much faster. For those aiming to purchase foreclosed house, this is much easier as the lender does not need to go through the courts to make the sale occur.
    If you are planning to purchase a power of sale foreclosure house, 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 an agreement provision can be much quicker.

    Where can you discover power of sale homes?

    It is actually much easier than you believe to find power of sale houses. In Ontario, as in all of Canada, the typical process is to sell the property by power of sale, which is unlike the majority of the United States which has the tendency to go through the courts for a foreclosure. Typically, when a house is being sold through power of sale, it in fact goes through a real estate agent. That makes it simple to discover houses under power of sale. A real estate agent, or other realty websites, will likely have listings of power of sale houses in your area.

    How do you purchase a distress sale houses in Ontario?

    It is a fantastic option to purchase power for sale foreclosures in Temagami Ontario. The procedure is pretty fast and simple. The procedure for the sale is generally set out in the home loan, so they may differ a little bit differently for properties depending on the loan provider.
    In Ontario, there are 2 types of power for sale – legal and statutory. A contractual 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 stipulations is not included, however these are very unusual.
    The general procedure consists of:
    Notification provided to the debtor after fifteen days of default
    Notice offered to anybody who has an interest in the property
    For legal power of sales, the customer has 35 days to pay, if statutory, the borrower has 45 days
    When the period expires and the default is not fixed, the lending institution can offer the home
    The home can be offered by auction, private agreement, or by tender. The home is normally noted with a real estate agent and put on the market for sale utilizing several listing service (MLS).
    The ownership of the home will change hands only if the property is offered. This is likewise not a fire sale, although it is quicker than a court procedure. The offers from the buyers like you are thoroughly analyzed, and the existing owner might request an accounting.

    How do you find power of sale listings?

    One of the best methods to discover a power for sale listing in Temagami is to use an exceptional MLS. These services are offered on line and supply an excessive quantity of listings so that you can find the specific house you are trying to find. A site, such as foreclosuresearch.ca, can supply you with all of the listings in Ontario under power of sale. Websites like this one permit you to browse in your location for power of sale home, in addition to the timing and expenses included.

     

    Are power of sale farms available for sale?

    Yes. There will constantly be those who can not pay for to pay their mortgage. This can be a catastrophe, the chances that come along with a power of sale are great. It is a terrific method to purchase your house, or to end up being a real estate investor. Throughout Canada, there is a constant rotation of foreclosure houses that are offered for you to select from at any moment. They do go rapidly due to the fact that they can be such a terrific deal!

    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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    Bank Foreclosures In Snelgrove

    Find Repo Homes and Distress Sales In Your Area

    Foreclosures In Snelgrove

    Buying a house from foreclosure listings could 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 thanks to lack of awareness about the method or fear from untrue stories they may have heard about buying a foreclosure. Foreclosuresearch.ca is a excellent resource to learn about the foreclosure market and how best to negotiate a deal that suits your unique needs. Click on the banner below to learn how to get a trial offer of Snelgrove foreclosure listings.

    Canadian foreclosures and power of sale home listings

    How can I find bank owned homes in Snelgrove?

    I use Foreclosuresearch.ca for my foreclosure needs because it is a one stop shop so to speak for knowledge about the market and foreclosure procedure as well as lists of available properties with photos 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 Snelgrove 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 speak to 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 which ever 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 distress sale house in Snelgrove with bad credit.

    Let me start by saying that investing in a foreclosed house in Snelgrove with bad credit is possible!

    To begin with, you have the alternative to buy a house for cash at a real estate auction. Then your credit doesn’t play a factor at all because you are not obtaining a loan. Not everyone has this form of money lying around though so lets consider other options.

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

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

    Tips on how to buy a foreclosed condo in Snelgrove, ON.

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

    Next, find condos in Snelgrove, ON 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 buying 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 want to make any repairs. This could end up costing you some money to ensure the repairs after buying. This is the only downside in my opinion when buying foreclosed homes.

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

    This relies on how you are buying the residence. Properties that are purchased 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. Personally, I have had properties 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 experience has been about thirty days to closing, which is pretty regular when purchasing a property.

    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 selling the property. This means that any repairs could fall back upon the new owner to deal with. Sometimes the repairs are minor and other times they are serious.

    Often a foreclosed property in Snelgrove ON 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 changed to a new owner doesn’t mean that all difficulties have passed. This is the significance of having a title search done prior to buying a property because liens or lawsuits could be attached to the property and you could inherit 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 highest possible price for the house that they can.

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

    Are Snelgrove repo homes good or bad?

    This all relies on your goals and the risk level that you are willing to accept. If you agree to take on the prospective repairs yourself and not expect the bank to pay for them then this is a great deal!

    Remember to do your due diligence on foreclosures and on your property before acquiring to know exactly what you are entering into.

    Power of Sale Introduction

    There are lots of things you might not know about the power of sale. When do you know you are confronted with a power of sale or foreclosure in Snelgrove, and how do you know if it is the best financial investment for you? Offered below are answers to 7 commonly asked questions relating to the power of sale, and how it can assist you make informed purchases in Ontario.

    Exactly what is power of sale or foreclosure?

    This is a term that not many everyday individuals have become aware of. If you are interested in investing in genuine estate, specifically those on the foreclosure market, then you desire to be familiar with this term. A power of sale is a stipulation that is written into a mortgage which permits the loan provider to offer the home in the event of default to repay the mortgage debt. It technically is the stipulation that permits foreclosure on a home when a financial obligation is not paid. This kind of sale occurs so that the lender, which is typically a bank, can recover losses that they sustained by the loan default.

    A power of sale also describes the power revealed or suggested in a trust contract permitting the trustee to offer the investment comprising the trust.
    Essentially, this provision in a mortgage or trust permits the loan provider to sell the property without litigating to do so. It is a kind of faster way to permit recovery simpler and faster. For those wanting to buy foreclosed home, this is much easier as the lender does not need to go through the courts to make the sale take place.
    If you are seeking to acquire a power of sale foreclosure house, there are some advantages. This consists of an expedited procedure. Typically 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 homes?

    It is actually much easier than you believe to find power of sale houses. In Ontario, as in all of Canada, the typical procedure is to offer the property by power of sale, which is unlike the majority of the United States which tends to go through the courts for a foreclosure. Usually, when a home is being offered through power of sale, it in fact goes through a real estate agent. That makes it easy to discover houses under power of sale. A real estate agent, or other real estate sites, will likely have listings of power of sale houses in your area.

    How do you buy a power of sale condos in Ontario?

    It is a fantastic choice to buy power for sale foreclosures in Snelgrove Ontario. The process is quite quick and simple. The process for the sale is normally set out in the mortgage, so they may vary a little bit in a different way for residential or commercial properties depending upon the loan provider.
    In Ontario, there are two types of power for sale – legal and statutory. A legal power of sale is when the mortgage documents have actually included the power of sale clause. A statutory power of sale is when the power of sale clauses is not included, however these are extremely uncommon.
    The general process consists of:
    Notification given to the customer after fifteen days of default
    Notification 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 debtor has 45 days
    As soon as the period ends and the default is not fixed, the lender can offer the residential or commercial property
    The residential or commercial property can be offered by auction, personal agreement, or by tender. The residential or commercial property is generally listed with a real estate agent and put on the marketplace for sale using numerous listing service (MLS).
    The ownership of the home will change hands only if the property is sold. This is likewise not a fire sale, although it is quicker than a court process. The offers from the buyers like you are carefully examined, and the present owner might request an accounting.

    How do you discover power of sale listings?

    Among the best methods to discover a power for sale listing in Snelgrove is to utilize an exceptional MLS. These services are readily available on line and offer an extreme quantity of listings so that you can discover the precise home you are searching for. A site, such as foreclosuresearch.ca, can supply you with all of the listings in Ontario under power of sale. Sites like this one permit you to search in your location for power of sale residential or commercial property, together with the timing and expenses included.

     

    Are there foreclosed condos for sale in my local area?

    Of course there are! In accordance with foreclosuresearch.ca at the time of writing this short article, they had dozens of listings of power of sale farms from all over the area. Investing in power of sale houses can be a terrific lucrative service if done properly. Visit them or your regional property representative to find out 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.

    Nearby Towns

    Bank Foreclosures In Clarence Creek

    Find Repo Homes and Distress Sales In Your Area

    Clarence Creek Foreclosures & Power of Sale

    Buying a house from foreclosure listings may be a great way to buy a home or investment property at a huge discount! So, why don’t more people capitalize on this untapped market of houses? Largely this is because of lack of knowledge about the procedure or fear from untrue stories they may have heard about buying a foreclosure. Foreclosuresearch.ca is a great resource to learn about the foreclosure market and how best to negotiate a deal that suits your unique needs. Click on the banner below to learn how to get a trial offer of Clarence Creek foreclosure listings.

    Canadian foreclosures and power of sale home listings

    How can I find bank owned homes in Clarence Creek?

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

    This saves me a great deal of time and effort. I don’t have to search the internet for hours looking at different Realtors websites sifting through houses in Clarence Creek that are definitely not 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 keeping properties in their portfolio or to contact a local Realtor that specializes 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 purchasing process so you need to be informed before going in.

    How to buy a distress sale house in Clarence Creek with bad credit.

    Let me start off by saying that shopping for a foreclosed house in Clarence Creek with bad credit is conceivable!

    You have the option 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 securing a loan. Not everyone has this kind of money lying around though so lets take into account other options.

    Research federal home buying programs. There are many programs in the market again to support those with low incomes or poor credit to buy homes.

    Search for properties in Clarence Creek 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 number of years after making on time payments to get a lower rate.

    Tips on how to buy a foreclosed condo in Clarence Creek, ON.

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

    Next, find condos in Clarence Creek, ON that you are interested in. Find a Realtor that is skilled in foreclosures and will be able to help you through the method 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 ramifications of purchasing foreclosed properties.

    Something 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 want to make any repairs. This could end up costing you some money to ensure the repairs after purchasing. This is the only problem in my opinion when buying foreclosed homes.

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

    This relies on 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 go to me within three days in most cases.

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

    Are there reasons not to buy a bank owned home?

    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 deal with. Sometimes the repairs are small-scale and other times they are major.

    Often a foreclosed property in Clarence Creek ON has sat empty for some time so maintenance has been ignored and will need to be looked after immediately.

    Sometimes, just because the title has transferred to a new owner doesn’t mean that all difficulties 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 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 highest possible price for the house that they can.

    Bear in mind that working with banks is a mechanical process and usually taken care of by computers and not real people. This can be irritating for you the buyer but it is what it is. At some point if you are persistent the bank will very likely cave if they have no other offers because they understand they need to move the property quickly.

    Are Clarence Creek bank owned homes good or bad?

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

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

    Power of Sale Intro

    There are lots of things you might unknown about the power of sale. When do you understand you are faced with a power of sale or foreclosure in Clarence Creek, and how do you know if it is the ideal investment for you? Offered below are responses to seven commonly asked questions relating to the power of sale, and how it can assist you make educated purchases in Ontario.

    Exactly what is power of sale or foreclosure?

    This is a term that very few everyday people have actually 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 mortgage which permits the loan provider to offer the home in case of default to repay the mortgage debt. It technically is the clause that permits foreclosure on a house when a financial obligation is not paid. This type of sale occurs so that the loan provider, which is generally a bank, can recuperate losses that they sustained by the loan default.

    A power of sale also describes the power expressed or implied in a trust contract permitting the trustee to offer the financial investment making up the trust.
    Generally, this provision in a home loan or trust permits the lending institution to offer the home without going to court to do so. It is a type of shortcut to enable healing much easier and much faster. For those looking to acquire foreclosed house, this is much easier as the lender does not need to go through the courts to make the sale happen.
    If you are wanting to acquire a power of sale foreclosure home, there are some advantages. This consists of an expedited process. Normally a foreclosure through the courts can take a great deal of time; whereas those that go through an agreement clause can be much quicker.

    Where can you find power of sale homes?

    It is really simpler than you believe to find power of sale houses. In Ontario, as in all of Canada, the usual process is to offer the home by power of sale, which differs from most of the United States which tends to go through the courts for a foreclosure. Typically, when a house is being sold through power of sale, it in fact goes through a real estate agent. That makes it easy to find houses under power of sale. A real estate agent, or other property websites, will likely have listings of power of sale homes in your location.

    How do you purchase a bank owned houses in Ontario?

    It is a fantastic choice to buy power for sale foreclosures in Clarence Creek Ontario. The process is pretty quick and easy. The process for the sale is generally set out in the home loan, so they might vary a little bit differently for properties depending on the lending institution.
    In Ontario, there are 2 types of power for sale – contractual and statutory. A contractual power of sale is when the mortgage files have included the power of sale clause. A statutory power of sale is when the power of sale clauses is not included, however these are extremely uncommon.
    The basic procedure includes:
    Notification offered to the customer after fifteen days of default
    Notification provided to anybody who has an interest in the residential or commercial property
    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 corrected, the lender can sell the residential or commercial property
    The residential or commercial property can be offered by auction, personal contract, or by tender. The property is generally noted with a realtor and placed on the marketplace for sale using several listing service (MLS).
    The ownership of the property will alter hands just if the residential or commercial property is sold. This is also not a fire sale, although it is quicker than a court process. The offers from the purchasers like you are carefully analyzed, and the current owner might ask for an accounting.

    How do you find power of sale listings?

    Among the best ways to find a power for sale listing in Clarence Creek is to utilize an excellent MLS. These services are readily available on line and supply an excessive amount of listings so that you can discover the exact home you are trying to find. A website, such as foreclosuresearch.ca, can supply you with all the listings in Ontario under power of sale. Websites like this one allow you to search in your location for power of sale property, in addition to the timing and costs included.

     

    Are there any power of sale properties for sale nearby?

    Of course there are! In accordance with foreclosuresearch.ca at the time of composing this short article, they had dozens of listings of bank owned houses from all over the area. Purchasing power of sale houses can be a fantastic money-making organisation if done properly. Visit them or your regional real estate representative to find out 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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