No Money Down Real Estate Investing Course
Learn How To Buy Income Properties Without Risk, Good
Credit, Money Or Tenants!

Click here for more information
 
Welcome, Unregistered.
User Name
Password
Forum Links
Site Navigation
Real Estate Resources
Go Back   Real Estate Investing > Real Estate General > Real Estate Daily News
Reply
   
 
Thread Tools Search this Thread Display Modes
  #1  
Old 10-28-2005, 03:00 PM
elva
Guest
 
Posts: n/a
Default Sometimes a risky transaction is not what it seems

Weirdness abounds in real estate, but sometimes a transaction is so peculiar that even after the deal goes through it continues to haunt you. Such was the case for Jessica Newman (not her real name) after she and her husband sold their three-bedroom, two-bathroom house on Redwood Drive in Concord.

It all began when the couple accepted a backup offer that made them uneasy, though it was well over the asking price of $530,000. The buyer planned on getting a zero-percent-down loan and was paying several points for the privilege. In exchange for the higher offer price, the sellers would pay $8,000 of the closing costs. These details suggested that the buyers weren't exactly rolling in dough.

Still, Newman and her husband were eager to move. Their home had recently been broken into and they simply wanted out.

Read more on: http://www.sfgate.com/cgi-bin/artic...e&sn=009&sc=806
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT -8. The time now is 11:47 PM.


Powered by: vBulletin Version 3.0.8
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 2.4.0
Copyright 2001 - 2006, Buy Income Properties, Inc. All Rights Reserved. Privacy Policy in Observance.