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From: mej@hlwpc.UUCP (Michael Jacobs)
Newsgroups: net.invest,net.consumers
Subject: Re: Re: Re: "No Money Down" (Other People's Money) Scam
Message-ID: <649@hlwpc.UUCP>
Date: Tue, 14-Jan-86 16:13:45 EST
Article-I.D.: hlwpc.649
Posted: Tue Jan 14 16:13:45 1986
Date-Received: Wed, 15-Jan-86 08:27:05 EST
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Xref: watmath net.invest:1029 net.consumers:3868

> > WHY someone with a $200,000 house would accept
> > $150,000 for it?  Even if paid in cash?
> > 
> 
> 
> The idea is to find people so desperate (and in a great hurry),
> that they will jump on an offer that is only
> a portion of the property's value. 
> 		

*I, too, am confused.
Doesn't the seller of a house get the full selling price
immediately, even if you finance it through a bank?
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