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Foreclosure in 96822 : Real Estate Advice

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Thu Feb 25, 2010
Raymond_dallou answered:
There are many buyers that are content to purchase the leasehold property because of the reduced prices. You really have leverage when the end term of the lease is under 15 years. Most lenders will finance between 5 and 10 years back of the end leasehold date, which does not make the Purchase of the leasehold transaction acceptable if buyer is looking to finance the property for longer terms.
Raymond Dallou
Guild Mortgage
Condo Hotels, Leasehold, Non warrentable Condos, Hawaiian Home lands and more
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