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Placing a bid. Each property has a listing price so you can place an arrangement at that amount, above it, or below so it. However, beware that if you produce an amount over the listing price and a good FHA loan, you have to pay the difference as an out of pocket price tag. For example: If the house is appraised and listed at $100,000 and you offer $110,000 to outbid other buyers, you will surely have to pay the difference of $10,000 out of pocket. If you do not want to pay the extra cash, don't over wager.

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