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Updated over 16 years ago on . Most recent reply

Nick Furlough's profile image
Nick Furlough's profile image
Nick Furlough
  • Banker
  • Member since Feb 4, 2008

User Stats

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Nick Furlough's profile image
Nick Furlough's profile image
Nick Furlough
  • Banker
  • Member since Feb 4, 2008
Nick Furlough
  • Banker
0
Votes |
5
Posts
Buying & Selling Real Estate

Need a Solution

Nick Furlough
  • Banker
Posted

I need to get $135k out of this property to break even. My buyers can only get approved for $127k. They are willing to pay the $135k just have no means to do so. They have tried to gift, borrow, up the mortage and nothing works. I really need to get this property moved. What are my options? Can they sign a promissory note for $8k and not disclose to the bank? I dont want to lose this deal over 8K but my original asking price was $159K. I have no more room to move. Any advice is greatly appreciated.
Holding costs are $600/mo

Thanks!

Nick

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