Property Q&A in Cockeysville>Question Details

Ms. Chen, Home Buyer in Baltimore County, MD

CASH BUYER RESTRICTION FOR BUYERS OF BOA PROPERTY. What does this mean? What is monthly condo fee for this unit? Thanks..

Asked by Ms. Chen, Baltimore County, MD Mon Apr 23, 2012

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It appears to mean that the bank will only accepts property bids from prospective buyers paying cash - no financing. This is not unusual for foreclosed property. The bank does not want to risk financing delays or contingencies that would undermine the sale of the property.
0 votes Thank Flag Link Mon Apr 23, 2012
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