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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (15104)11/15/2003 8:05:00 AM
From: BubbaFredRead Replies (1) of 306849
 
Many sellers think that way. They experienced nice housing market bubble and many even went through the cycles that eventually much higher up than down. A friend of mine, who was shopping for a townhouse, went through similar experience. He got super lucky to find one distress seller who just got laid off who could not make payments and did not want to establish bad credit. So my friend got a good deal at about 15% below market and without commissions and most of closing costs. They called the mortgage company, got agreement paperwork, and transferred name on mortgage loan and title, etc.
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