I understand it is a cash offer. And I would think there are probably people out there w/cash. Apparently people are competing to buy million dollar properties w/20% down. I figured there would be some investor w/cash who would probably get it and rent it out. Also, once paying cash, wouldn’t they be able to take a HELOC against it and get cash back out?
I did not know about the HOA not being solvent and certainly that is a problem.
