Somewhat agreed NR however… The buyers for our Encanto listing simply do not have any money for the downpayment. Additionally they are represented by thier mortgage broker. So they are financed to the hilt… My seller is crediting them money for the closing costs.
I am not saying this is a good thing… however I am saying that many people are buying with 100% financing because they have no choice. Which in my opinion means, they should not be buying at all…
