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Some “cash buyers” were actually taking loans against their stock assets.


And then a lot of them will take out a mortgage to payoff the loan against the stock after the house is purchased.

Cash buying is one of those terms people don't understand. You're almost never getting a suitcase of 100's.


> You're almost never getting a suitcase of 100's.

And if you are, you may want to follow your escrow agent as they run out the door.




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