Re: AHHHHHHHHHHHHHHHHHHHHHH!! HEEELLPPPPPPP!!!!!

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Posted by mattd22 on November 01, 2009 at 08:11:39:

In Reply to: Re: AHHHHHHHHHHHHHHHHHHHHHH!! HEEELLPPPPPPP!!!!! posted by dontjustrent on October 29, 2009 at 15:45:47:

Dontjustrent, is there a lump sum amount that the sellers would accept to get them out of hock? If so, tell them you'll give them that up front if they'll agree to option terms that are agreeable to you. Otherwise, negotiating with the bank is a good idea but start lower with them around 40% ($200K) market value not 76% ($380K)...this way it will be a no brainer to finance if you can secure it.

Matt

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