NO!!!! Doesnt work that way...

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Posted by David Alexander on July 09, 2002 at 21:24:00:

In Reply to: Warranty Deed posted by James Owens on July 04, 2002 at 17:08:19:

the property will still be in foreclosure until the loan is reinstated....

Only the title will change...

The property will still secure the lien to the lender...

Now you could bring the loan current and just keep making payments... and Whoila you own a nice piece of property if the numbers work...

David Alexander

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