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me mortgage.
Mr. Campbell found that his own bank would refinance the mortgage for $90,000 ($20,000 over their balance due). So. with the check for $20,000 in hand, the Campbells not only had the $10,000 they needed but an extra $10,000 to reinvest in another property. And all of the cash was tax-free because there was no sale involved and no gain to report.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY. REALTOR, The Clopton House, Washington. Va. 22747. Phone: 675-3400. We’re here to help.
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