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  • Donahue Sellers posted an update 8 months, 4 weeks ago

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    So now I understood why the bank appeared to be giving us a good deal on the house and why they agreed to a short sale quickly, but the purchase price and the $90K put this purchase right back to the price of every other house in the area. And it wasn’t enough to make the house livable!

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    What we didn’t realize was that the property was on 5 acres, which was an excessive amount of land for a 7,500 square foot building. The appraisal report gave a $1,600,000 for the building and one acre (which is what all of the comps supported), and $1,100,000 value for the other 4 acres. The lender would not consider the other 4 acres, for several reasons (it was mostly "unbuildable" and most hard
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    Gather together all of your credit card bills and add up the amount that you owe. Factor in the extra expenses you haven’t heard on your credit cards since you receive those bills. Add to that about ten or twenty per cent, which is the "whoops, I forgot about that" factor. Then, with
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