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Why price difference so much???


Little_prince
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I heard that some of the listing prices are very high because they are fake listings & are there for the benefit of the loan officer so he will give buyers a bigger loan. Does anybody know if this is true?

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I heard that some of the listing prices are very high because they are fake listings & are there for the benefit of the loan officer so he will give buyers a bigger loan. Does anybody know if this is true?

 

High list price

 

Bigger loan = more interest earnings

Deeper pocket for seller

Seller more room to offer more "discount" final price or add freebies

More down payment amount

 

Take first letter of above...... BDSM......buyers Tio screwed left right centre

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