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Old 09-28-2005, 06:25 AM
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Default Need 30K Earnest Money Loan Secured & w/ 15%

All,

I am currently in the process of purchasing some
property in Dallas, Texas. I have run into an obsticle
that, even with 100% financing, I didn't think
about... the $30,000 earnest money payment they want.
We are aquiring the property for $1,150,000.00.

I would be willing to give you a nice percentage on
the loan, say 15%, and the loan would be secured by
the fact that it is in escrow and can only be pulled
out if funding comes across, or the financing
contingency is not met. If no funding, the money comes
out and goes back to you with 15% interest. If the
funding does come through (which we are confident it
will, but you never know) then the money comes out
(remember, 100% financing), and goes back to you with
15% interest on top.

I need to get this deal closed ASAP and am urgently
seeking assistance. If you have any thoughts, or can
help, please send them my way.

Thank you so much,

Tad Murphy

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