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Real Estate
Reply to "What does "all cash" mean?"
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[quote=Anonymous]In either A or B, as a seller I would demand to see sufficient funds to complete 100% of the purchase. Also, a buyer can easily secure a mortgage after closing, so I would not allow any 3rd parties related to securing a mortgage to do much of anything until the closing. Or at the very least, I would expect a fairly large escrow deposit if someone is waiving the financing contingency, and make it clear that we are keeping the deposit if the deal doesn't close on the closing date.[/quote]
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