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Vegan Crumb Manager
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Marnie's Cookie Jar
Marnie's Cookie Jar
- Group
- Member
- Posts
- 581
- Reputation
- +1,556
- Location
- Transitioning to shrimp because I still can't bare to look at it (aka land creatures).
- Status
- Anonymous
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Apparently not! Someone on the other board dug up the transaction info that was public on the sale. They have two mortgages a VA loan which can be as little as zero down (but it says cash on the transaction so they at least put something down), cash, and seller financed. Someone worked out that a va loan would have covered around $500K of it so they didn't cashflow the other $200K and instead got some of it from the sellers. That tells me they can't qualify for a regular loan so they had to use the seller to finance whatever they couldn't handle on their own.
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1065 replies since 13/9/2016, 16:19 371482 views
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