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Morgan Stanley, the second-biggest U.S. securities firm, told thousands of clients this week that they won’t be allowed to withdraw money on their home-equity credit lines, said an inside source or person familiar with the situation.
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According to our current deal, property #10036 should appraise for $117k and I told everyone I could get it for $79, 500.
Here is the deal as it stands today:
Agreed upon price - $74,600
Appraised price - $113,000
As you can see, I was successful in talking them down by almost 5 thousand, however, it is worth 4 thousand less than expected. Hopefully, we will be closing tomorrow.
Next, we have to flip the property!
Let’s just get right to it. Shall we? I found a property I think I can flip in about 60 days…
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Interesting enough, some of the individuals I have been talking to have been telling me to “cautiously ignore” the news articles and nightly news blasts we get on a daily basis. As the subprime mortgage market continues
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