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Reply: 1.1.2.2.1.1 From: Mike . Hi David, I spoke to the legal dept of Land and Property Information New South Wales and apparently foreclosure is registered with Land Titles Office only when the bank can't find a buyer and is forced to buy the property itself, which rarely happens...

Reply: 1.1.2 From: Mike . Hi David, Once foreclosure has occurred the bank becomes the registered owner of the property and will, therefore, seek to obtain best price on the open market rather than sell to an investor looking for a discount to FMV. <p> If the bank is the new owner they must...