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Royal
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« on: August 21, 2018, 08:34:42 PM »
New to here, looks like not much new posting lately, exploring all the old ones now and a lot of good information and thanks for building this site up
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goldenbell99
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« Reply #1 on: December 13, 2019, 10:30:42 AM »
I have a question for the forum. I live in the USA and have owned vacant land for many years. The lands accessed value has gone down from 200,000 to 89,000. I would like to be able to create a sale for tax reasons this year but wondering if I do find a buyer can I repurchase from that person at a later date. Thank you
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Rob
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« Reply #2 on: December 13, 2019, 10:03:18 PM »
It depends on your state.  If for example this was occuring in Texas you would have a two year period where you could redeem your property.  Most states have a clause that allows you to repurchase your outstanding debt.
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