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Nick Cameron Reveals Why Banks Like Luxury Short Sales - Scottsdale - ShortSalePowerHour.com

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Uploaded by on Apr 4, 2010

http://shortsalepowerhour.com
Nick Cameron a member of the real estate 30/30 club and a Giants fan shares why banks love shorts sales on luxury homes. It is all in the percentages.

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  • 24 Feb - signed an agreement with seller, cash deal

    27 Mar - Appraisal

    21 Apr - BOA, the Bank says they want the seller to come up with $7,000

    22 Apr - Buyer agrees to come up with the $7,000

    03 May - Bank doesn't wan they buyer to come up with more money but the seller. Seller says he hasn't got the money.

    What do you think? Where does this leave us as the buyer, are we ever going to get a house?

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