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Real Estate
Reply to "Things to know before buying a teardown in Arlington, mortgage and otherwise"
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[quote=Anonymous]Unless you have an inside track on a tear down in Arlington or the lot is bad, you will be competing with builders who will Pay cash and close fast with very favorable terms for the seller, such as paying the seller’s Closing costs and not making them clear out the house or yard. Talk to a loan officer at George Mason Mortgage to learn how to structure a construction loan. Remember that once the house is turn down, a large portion of the collateral is gone. They can help you. [/quote]
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