The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Karen Lawrence who wrote (476)	8/29/2001 12:44:25 PM
From: Alan Smithee	Read Replies (4) of 306849

I just heard a story yesterday about a real estate transaction in the Seattle area. Seems a guy bought a house in a neighborhood near Lake Washington a while back for $900,000ish. About 8 months ago, he had an offer from someone for $1.5 mil. Things turned south as we all know. The buyer walked from the deal, willing to forfeit something like $100,000 rather than close on the house. Real estate market starting to soften I guess.

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