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: Metacomet who wrote (87073)	8/25/2007 7:04:44 PM
From: 10K a day	Read Replies (1) of 306849

I saw a house for sale today. 429K (2-3 yrs new) w/ nothing down. Owner financed with 17k DOLLAR "grant." The house wouldn't sell normally for 329K. It must be some kind of closed end lease CRAP LOAN. 40 year interest only. What kind of crap is that. You're immediately under water 100K from the get go!!

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