The financing terms for the purchase will look like this:
$29 Billion @ 2.5%
10-Year Adjustable Rate
Sweet deal huh? I'd certainly say so!
[Source: CNBC]
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Waves Realty - Melbourne, FL
Florida Space Coast Homes
I wish I could refinance my house for that rate at 10 years...this is such a scam I can't stand it.
Mar 24, 2008 09:40 AM
RE/Max Homes & Estates, ABR,GRI, CDPE, SFR - Nashville, TN
Realtor, ABR, GRI, CDPE, SFR
Can you imagine what the interest even at 2.5% is on 29 billion dollars. No wonder they are cutting their rate. That is a sweet deal for the receiver.
Mar 24, 2008 09:45 AM
Diverse Solutions - Los Angeles, CA
Team DiMuria: Michael Jackson is loosing his NeverLand Ranch to foreclosure...if only he could score a deal like this!
Well, it's a nice bail-out for Bear.
Mar 24, 2008 09:45 AM
Your Financial Coach - Bellingham, WA
Somebody needs to check JPs credit scores...this would have to be a Stated Income Stated Assets, FHA loan...and sorry but that's not available for 100% financing....hehehe
Mar 24, 2008 09:50 AM
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