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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (990)9/19/2012 5:37:06 PM
From: renovator  Read Replies (1) | Respond to of 2722
 
So they are on the hook for approx $112k per home. It will be interesting to see what the actual terms turn out to be. I would be totally surprised if they have even 10% cash in the deal. On the other hand, if it works like a normal auction, they would have to pay fully now and arrange their own financing for the deal.