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re: Question about selling a home
Posted on 8/1/11 at 7:11 pm to FanFrom318
Posted on 8/1/11 at 7:11 pm to FanFrom318
Bond for deed. No lose for a homeowner because if the buyer defaults on monthly lease payments for 45 days all monies paid previously (includeing 15K down-payment) revert to homeowner. As long as you are happy with the purchase price- go for it.
This post was edited on 8/1/11 at 7:13 pm
1
Posted on 8/1/11 at 8:13 pm to BigAppleTiger
Thanks for the input! I'll take the advice.
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