Have you ever been in a really, really bad real estate market?

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Gil

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Have you ever been in a really, really bad real estate market?

posted on Aug 27, 2008 12:16PM

I have a client ( I'm not a realtor) who is attempting to sell a $900,000.00 house. He is in financial trouble. Some idiot made an offer 0f $675,000.00.

It was declined and we are turning the house over to a trustee to sell it properly.

Why would this offer be made? You answer.

GRZ is not in financial trouble and can do a lot better. Why would the Russians make this offer?

If you have the answer to the real estate example, you have the answer to the GRZ scenario as well.

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