Controversy Over All-Cash Home OffersBy
Perusing some of the reader forums at the online real estate brokerage site Redfin.com I came across an interesting debate. Many investors are snapping up bank-owned homes with all-cash offers. Banks like all-cash offers because they are less risky than waiting for a buyer who needs a loan. The loan may not be approved. Or in the case of Federal Housing Administration (FHA) loans, the property may need repairs before the buyer can qualify.
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