Belle River Foreclosures & Power of Sale

Find Repo Homes and Distress Sales In Your Area

Foreclosures In Belle River

Buying a house from foreclosure listings can possibly 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 due to lack of awareness about the procedure or fear from misinformation they may have heard about buying a foreclosure. Foreclosuresearch.ca is a excellent 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 Belle River foreclosure listings.

Canadian foreclosures and power of sale home listings

How can I find foreclosures in Belle River?

I use Foreclosuresearch.ca for my foreclosure needs because it is a one stop shop so to speak for education about the market and foreclosure process 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 Belle River that are not really foreclosures or don’t fit what I am searching for.

Other options for finding foreclosed properties is to contact 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 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 educated before going in.

How to buy a distress sale house in Belle River with bad credit.

Let me start by saying that buying a foreclosed house in Belle River with bad credit is conceivable!

To start 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 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 available again to help those with low incomes or poor credit to buy properties.

Search for properties in Belle River and search for loans with low down payments. Save up money for your down payment but expect to pay a somewhat higher interest rate as a result 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 Belle River, ON.

The initial 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 Belle River, 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 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 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 want to make any repairs. This could end up costing you some money to make 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 Belle River?

This relies on how you are buying the real 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. 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 around thirty days to closing, which is pretty standard when purchasing a property.

Are there reasons not to buy a bank owned home?

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 fix. Sometimes the repairs are minor and other times they are major.

Often a foreclosed property in Belle River ON has sat uninhabited for some time so maintenance has been shruged off 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 given that 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.

    Dealing with banks is an automated process and usually handled by computer systems and not actual people. This can be annoying for you the buyer but it is what it is. At some point 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 Belle River repo homes good or bad?

    This relies on your goals and the risk level that you are prepared 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 great deal!

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

    Power of Sale Intro

    There are lots of things you may unknown about the power of sale. When do you know you are confronted with a power of sale or foreclosure in Belle River, and how do you understand if it is the right financial investment for you? Offered listed below are responses to seven commonly asked questions relating to the power of sale, and how it can assist you make informed purchases in Ontario.

    What is power of sale or foreclosure?

    This is a term that few everyday people have become aware of. If you are interested in investing in genuine estate, particularly 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 loan provider to offer the home in case of default to pay back the home mortgage financial obligation. It technically is the provision that enables foreclosure on a house when a debt is not paid. This type of sale takes place so that the lender, which is normally a bank, can recuperate losses that they incurred by the loan default.

    A power of sale likewise describes the power expressed or suggested in a trust contract allowing the trustee to offer the financial investment consisting of the trust.
    Essentially, this clause in a mortgage or trust allows the lender to sell the property without litigating to do so. It is a kind of shortcut to permit recovery simpler and quicker. For those looking to purchase foreclosed home, this is much easier as the lending institution does not have to go through the courts to make the sale occur.
    If you are wanting to purchase a power of sale foreclosure home, there are some benefits. This consists of an expedited process. 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 discover power of sale houses?

    It is really much easier than you think to discover power of sale houses. In Ontario, as in all of Canada, the normal process is to offer the home by power of sale, which is unlike most of the United States which has the tendency 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 real estate agent. That makes it simple to find houses under power of sale. A real estate agent, or other realty websites, will likely have listings of power of sale homes in your area.

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

    It is an excellent option to purchase power for sale foreclosures in Belle River Ontario. The procedure is pretty fast and simple. The procedure for the sale is generally set out in the home mortgage, so they might vary a bit in a different way for properties depending on the lender.
    In Ontario, there are 2 kinds of power for sale – legal and statutory. A contractual power of sale is when the mortgage documents have actually consisted of the power of sale clause. A statutory power of sale is when the power of sale stipulations is not included, however these are very uncommon.
    The general procedure includes:
    Notification offered to the debtor after fifteen days of default
    Notice offered to anybody who has an interest in the property
    For contractual power of sales, the debtor has 35 days to pay, if statutory, the borrower has 45 days
    As soon as the period expires and the default is not corrected, the lender can sell the residential or commercial property
    The property can be offered by auction, private contract, or by tender. The residential or commercial property is usually listed with a realtor and placed on the market for sale using multiple listing service (MLS).
    The ownership of the property will change hands just if the home is offered. This is likewise not a fire sale, although it is quicker than a court process. The deals from the buyers like you are thoroughly taken a look at, and the existing owner might ask for an accounting.

    How do you discover power of sale listings?

    One of the best ways to find a power for sale listing in Belle River is to utilize an outstanding MLS. These services are readily available on line and offer an excessive quantity of listings so that you can find the exact home you are looking for. A website, such as foreclosuresearch.ca, can provide you with all the listings in Ontario under power of sale. Sites like this one enable you to search in your area for power of sale property, along with the timing and expenses involved.

     

    Are power of sale houses available for sale?

    Yes. There will constantly be those who can not manage to pay their home mortgage. This can be a catastrophe, the chances that come along with a power of sale are fantastic. It is an excellent method to buy your house, or to end up being an investor. Throughout Canada, there is a constant rotation of foreclosure homes that are available for you to pick from anytime. They do go quickly due to the fact that they can be such a fantastic offer!

    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 Owen Sound

    Find Repo Homes and Distress Sales In Your Area

    Foreclosures In Owen Sound

    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 as a result of lack of awareness about the method or fear from misinformation 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 Owen Sound foreclosure listings.

    Canadian foreclosures and power of sale home listings

    How can I find foreclosures in Owen Sound?

    I use Foreclosuresearch.ca for my foreclosure needs because it is a one stop shop so to speak for education about the market and foreclosure process as well as lists of available properties with pictures 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 combing through houses in Owen Sound that are certainly not foreclosures or don’t fit what I am searching for.

    Other options for finding foreclosed residential or commercial properties is to contact 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 enlightened before going in.

    How to buy a repo house in Owen Sound with bad credit.

    Let me start by saying that purchasing a foreclosed house in Owen Sound with bad credit is possible!

    You have the choice 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. There are many programs in the market again to help those with low salaries or poor credit to buy properties.

    Search for houses in Owen Sound and search for loans with low down payments. Save up money for your down payment but expect to pay a somewhat higher interest rate as a result of your lower credit score. You should be able to refinance in a number of years after making on time payments to obtain a lower rate.

    How to buy a foreclosed condo in Owen Sound, 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 Owen Sound, ON that you are interested in. Find a Realtor that focuses in foreclosures and will be able to help you through the method of buying.

    If you have questions about the process, I would consider speaking with a real estate or foreclosure attorney before purchasing to make sure you understand the method and the complexities of investing in 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 agree 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 power of sale home in Owen Sound?

    This relies on how you are buying the residence. 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 move 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 basic 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 promptly and sent back to speed up the process.

    Are there reasons not to buy a distress sale home?

    repo houses are usually sold “as is,” indicating 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 take care of. Sometimes the repairs are trivial and other times they are significant.

    Often a foreclosed property in Owen Sound ON has sat uninhabited for a while so maintenance has been ignored 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 vanished. This is the significance of having a title search done 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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    Diligence is key here! The bank is in business to make money so they will be trying to get the highest 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 actual people. This can be annoying for you the buyer but it is what it is. Ultimately if you are persistent the bank will probably cave if they have no other offers because they realize they need to transfer the property quickly.

    Are Owen Sound bank owned 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 expect 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 purchasing to know exactly what you are getting 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 faced with a power of sale or foreclosure in Owen Sound, and how do you know if it is the right financial investment for you? Offered below are responses to seven commonly asked questions regarding the power of sale, and how it can help you make educated purchases in Ontario.

    Exactly what is power of sale or foreclosure?

    This is a term that not many everyday individuals have actually heard of. If you are interested in investing in real estate, specifically those on the foreclosure market, then you desire to be familiar with this term. A power of sale is a clause that is composed into a home loan which permits the loan provider to sell the property in case of default to repay the mortgage financial obligation. It technically is the stipulation that allows foreclosure on a house when a financial obligation is not paid. This kind of sale takes place so that the lending institution, which is typically a bank, can recuperate losses that they incurred by the loan default.

    A power of sale also describes the power revealed or implied in a trust agreement permitting the trustee to sell the financial investment comprising the trust.
    Essentially, this provision in a home mortgage or trust permits the lender to offer the residential or commercial property without going to court to do so. It is a type of shortcut to allow healing easier and faster. For those planning to purchase foreclosed house, this is a lot 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 house, there are some advantages. This consists of an expedited procedure. Typically a foreclosure through the courts can take a great deal 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 simpler than you think to find power of sale homes. In Ontario, as in all of Canada, the normal process is to offer the property by power of sale, which differs from the majority of the United States which tends to go through the courts for a foreclosure. Normally, when a home is being offered through power of sale, it actually goes through a real estate agent. That makes it simple to discover homes under power of sale. A real estate agent, or other property sites, will likely have listings of power of sale houses in your area.

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

    It is a fantastic option to purchase power for sale foreclosures in Owen Sound Ontario. The procedure is quite fast and easy. The procedure for the sale is generally set out in the home loan, so they might vary a bit differently for homes depending on the lender.
    In Ontario, there are 2 types of power for sale – contractual and statutory. A contractual power of sale is when the home mortgage documents have actually consisted of the power of sale provision. A statutory power of sale is when the power of sale provisions is not included, but these are really uncommon.
    The general process includes:
    Notification offered to the borrower after fifteen days of default
    Notification provided to anybody who has an interest in the property
    For contractual power of sales, the customer has 35 days to pay, if statutory, the customer has 45 days
    As soon as the period expires and the default is not remedied, the loan provider can offer the property
    The property can be sold by auction, private contract, or by tender. The residential or commercial property is normally noted with a real estate agent and placed on the marketplace for sale using several listing service (MLS).
    The ownership of the home will change hands only 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 present owner might ask for an accounting.

    How do you discover power of sale listings?

    Among the best methods to find a power for sale listing in Owen Sound is to use an excellent MLS. These services are readily available on line and offer an extreme quantity of listings so that you can discover the specific house you are searching for. A website, such as foreclosuresearch.ca, can supply you with all of the listings in Ontario under power of sale. Sites like this one enable you to search in your location for power of sale home, together with the timing and costs included.

     

    Are there foreclosed acreages for sale in my local area?

    Obviously there are! In accordance with foreclosuresearch.ca at the time of composing this short article, they had dozens of listings of bank owned condos from all over the area. Investing in power of sale homes can be a fantastic lucrative service if done properly. Visit them or your local real estate agent to find out more about power of sale houses.

    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 Oxbow

    Find Repo Homes and Distress Sales In Your Area

    Oxbow 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 discount! 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 great resource to learn all about the foreclosure market and how best to arrange a deal that suits your unique needs. Click below for foreclosures, power of sale and bank owned homes in Oxbow.

    Canadian foreclosures and power of sale home listings

    How can I find bank owned homes in Oxbow?

    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 process as well as lists of available properties with pictures 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 Oxbow that are not really foreclosures or don’t fit what I am looking for.

    Other options for finding foreclosed properties is to speak 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 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 enlightened before going in.

    How to buy a repo house in Oxbow with bad credit.

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

    First, 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 kind of money lying around though so lets think about other options.

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

    Search for residential or commercial properties in Oxbow and search for loans with low down payments. Save up money for your down payment but expect to pay a moderately higher interest rate as a result of 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 Oxbow, SK.

    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 Oxbow, SK that you are interested in. Find a Realtor that is skilled 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.

    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 agree 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 bank owned home in Oxbow?

    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 long 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.

    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 standard 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 offering the property. This means that any repairs could fall back upon the new owner to fix. Sometimes the repairs are minor and other times they are major.

    Often a foreclosed property in Oxbow SK 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 issues have passed. This is the significance of having a title search done 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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    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.

    Remember that working with banks is a mechanical 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 probably cave if they have no other offers because they know they need to transfer the property quickly.

    Are Oxbow bank owned 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 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 may unknown about the power of sale. When do you understand you are confronted with a power of sale or foreclosure in Oxbow, and how do you know if it is the right investment for you? Supplied listed below are answers to seven frequently asked questions relating to the power of sale, and how it can help you make educated purchases in Saskatchewan.

    Exactly what is power of sale or foreclosure?

    This is a term that very few daily individuals have actually become aware of. If you are interested in investing in genuine estate, particularly those on the foreclosure market, then you want 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 sell the property in the event of default to pay back the home loan financial obligation. It technically is the clause that enables foreclosure on a house when a financial obligation is not paid. This kind 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 likewise describes the power expressed or suggested in a trust agreement permitting the trustee to offer the financial investment comprising the trust.
    Generally, this clause in a mortgage or trust permits the lending institution to sell the home without going to court to do so. It is a kind of shortcut to allow healing simpler and much faster. For those seeking to buy foreclosed home, this is much easier as the loan provider does not have to go through the courts to make the sale occur.
    If you are planning to buy a power of sale foreclosure home, there are some benefits. This includes an expedited process. 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 homes?

    It is in fact simpler than you believe to find power of sale homes. In Saskatchewan, as in all of Canada, the typical procedure is to sell the residential or commercial property by power of sale, which differs from the majority 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 realtor. That makes it easy to discover homes under power of sale. A realtor, or other real estate websites, will likely have listings of power of sale houses in your location.

    How do you buy a foreclosed houses in Saskatchewan?

    It is a great option to buy power for sale foreclosures in Oxbow Saskatchewan. The procedure is quite quick and easy. The process for the sale is generally set out in the mortgage, so they might differ a bit in a different way for residential or commercial properties depending on the loan provider.
    In Saskatchewan, there are 2 types of power for sale – contractual and statutory. A legal power of sale is when the home mortgage files have actually consisted of the power of sale clause. A statutory power of sale is when the power of sale clauses is not consisted of, however these are really rare.
    The basic procedure includes:
    Notice offered to the debtor after fifteen days of default
    Notice given to anyone who has an interest in the home
    For contractual power of sales, the customer 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 home can be sold by auction, personal agreement, or by tender. The property is typically noted with a realtor and put on the market for sale using several listing service (MLS).
    The ownership of the residential or commercial property will change hands just if the property is offered. This is likewise not a fire sale, although it is quicker than a court procedure. The deals from the purchasers like you are carefully taken a look at, and the present owner might request an accounting.

    How do you discover power of sale listings?

    One of the very best methods to find a power for sale listing in Oxbow is to use an outstanding MLS. These services are offered on line and supply an extreme amount of listings so that you can discover the exact home you are looking for. A website, such as foreclosuresearch.ca, can provide you with all of the listings in Saskatchewan under power of sale. Sites like this one permit you to browse in your area for power of sale residential or commercial property, in addition to the timing and costs involved.

     

    Are bank owned homes more affordable?

    Usually, power of sale homes is less expensive than going through a person simply offering their home. This is because the bank only wants to not lose on the offer. They wish to make the cash back that they have lost from the default. In Canada, any additional money from the sale is given back to the house owner, but if there is a deficiency, the owner is accountable for the difference.

    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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