[quote=SD Realtor]
First off – The home was financed with 417k at a sales price of 545k. That means the buyer came in with 128k of his own money. Is that a pittance to you?
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How did you find out about the financing? Is that information available online somewhere?
So this guy put down 23% of his own dough? If that’s the case, I’m pretty much OK with this sale. With 128K of his own money in the deal, this guy is very unlikely to default.
Are zero-down loans still available? If buyers are having to put down 20%+ nowadays, then that is very good news. I hope that’s the case.
