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No Money Down // Open House


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2017 Oct 8, 3:27pm   1,665 views  4 comments

by Patrick   ➕follow (55)   💰tip   ignore  

First time I've ever seen this...

Not only is it an 'Open House', but they also advertise 'No Money Down' right on the sign for it...

So, they are hoping someone is influenced into looking to buy a new home (on a whim, because they see an open house sign), and is especially swayed because it will not cost them anything to get into it

It is a good thing there's no bubble down here

P.S. Location: along Alicia Parkway in Laguna Hills


with permission from reader Tom R.



#housing

Comments 1 - 4 of 4        Search these comments

1   anonymous   2017 Oct 29, 4:55pm  

No down payment is required to see the open house.
2   RC2006   2017 Oct 29, 8:25pm  

Maybe no money down on garage sale after closing.
3   anonymous   2017 Oct 29, 8:52pm  

Honestly, the gov is doing like 3% or something. Might as well be zero. These programs all have restrictions. House is nowhere near $1M and above.
4   MrMagic   2017 Oct 29, 9:40pm  

How can the realtor claim no money down? They don't set the credit criteria, the lender does.

Is it a game (like a 3% down FHA) and the seller is kicking back at closing that 3% amount after inflating the price?

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