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Buying & Selling Real Estate

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Amanda Elsberry
  • Sagle, ID
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Why would a seller not accept bank borrowed money

Amanda Elsberry
  • Sagle, ID
Posted Feb 20 2016, 10:32
I am interested in a property that my real estate agent says requires 25% down, since we don't have that I wanted to get a credit union loan for the down payment (owner contract for the rest) but my agent keeps telling me they will not accept borrowed money only cash. I don't understand, wouldn't they have cash from the bank?

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