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Real Estate
Reply to "What does "all cash" mean?"
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[quote=Anonymous]I made an all-cash offer (not in the DMV) and documentation proved that I had the cash on hand (even in brokerage accounts). But I ended up getting a mortgage for a small portion of the purchase price anyway. My understanding was that I was on the hook for an all-cash closing, but if I was able to get financing in time, that was fine too, but that I'd better be ready to close on the closing date one way or the other. [/quote]
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