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Real Estate > "As Is" Condition

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"As Is" Condition Defined

Premises accepted by a buyer or tenant in the condition existing at the time of the sale or lease, including all physical defects.

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Published September 4, 2008, 9:22 pm, PR Newswire via Yahoo! Finance

OBSNews.com -- Buying a foreclosure home is a goal of many prospective home buyers including first-time home buyers, but the process is not always simple, and buyers of foreclosed houses face numerous uncertainties that can be overcome with knowledge and preparation.

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