Foreclosures Help Information

Foreclosed Philippines

Question: I was looking at foreclosed lands at a bank in the Philippines. I saw one, and paid the reservation fee.?

But I found out that there is a tenant in the land, and that the tenant is the land's former owner. Also, the former owner was just about to buy back the land; I was only about one or two weeks early.

Should I pursue the land? Or should I look for others and avoid this potential court case?

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Answer: Sounds a bit complicated to me ... I would avoid.

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