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Old 10-23-2012, 09:22 AM
 
29 posts, read 173,338 times
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Quote:
Originally Posted by dontaskwhy View Post
The only reason I can think that cash would be demanded over a loan is that a cash purchase can be closed in under 30 days vs a financed purchase which takes at least 30 days (on average).

Most forclosures I have seen do need some amount of work, I have been told that many banks will not approve the loan, which means the house needs to be listed again, slowing down the process. I have seen some in the Ocala area that were listed a few times due to this.
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