Asked by sperada, Crown Point, IN • Fri May 3, 2013
The offer he brought us is very low, with a very high down payment that will pay off part of our second mortgage - we will see little of it. He is telling us that we have a "problem property" and that the offer is probably the best we can expect, but he will obviously benefit from holding the second mortgage that seems very safe given the large down - almost 50% of the offer price. We are concerned that this is the best offer for him, not necessarily for us, and wonder if he has adequately marketed our property. Just wonder if I'm being overly distrustful and if this seems to be on the up-and-up?
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