Sd Realtor,
Thanks for the response and putting this in perspective. I guess what I meant by this post is not that the original leanders were bailed out. What I meant was the the new buyer obviously purchased this home with the sole purpose of flipping it for 12% in a one month period. Would they be willing to do that if this bailout had not materialized?? I doubt it. I was under the impression that if it did not work out they would be asking the bank for a bailout. I did not know that they put down that much. That makes it a pretty ballsy move or just a minor move for a really weathly person.
Thank you.
