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: Lizzie Tudor who wrote (48972)	2/23/2006 5:15:46 AM
From: Amy J	Read Replies (3) of 306849

Lizzie, in an effort to close a house sale, this person paid for the prospective buyer's rental cars, apt, and hotel rooms... Is the Bay Area real estate market really that weak already? "According to prosecutors, the couple went to the Sunnyvale man's open house and told him they would buy the $879,000 home for cash as soon as they sold their $3 million home in Los Altos. The deal didn't close -- Balestrieri allegedly said a messy divorce was gumming up the process -- and the man started to give the couple cash and pay for hotel rooms, rental cars and an apartment in an effort to keep the deal alive, according to prosecutors." mercurynews.com

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