Newer Irvine listings with crazy WTF asking prices from equity sellers

NEW -> Contingent Buyer Assistance Program
One of them has a mortgage of $2+M. That's a big leverage play right there with real estate.
Yes, and no.

$2m on an IO loan at 8.0% is about $13,300 each month.

If you close in September and have a November 1st payment, you might make that one, and a December payment before the next "bigger fool" closes on their deal - a $26-$28k risk cost.
 
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