Cash Buyer Where Cash Means Cash
Ever have a cash buyer with real cash? No money in the bank but paper cash and ready to buy a home. I ran across one of them. Seemed to have a legitimate business, but when it came to writing an offer, I found out a new meaning for cash buyer. I explained money for closing had to come in the form if a certified check, so the funds had to be deposited. Because the figure was more than $10,000, the bank may put a hold on funds for up to 10 days. I called the Title company to verify the situation.
https://crossroadsre.net/cash-buyer-where-cash-means-cash/
One story from my book, What Could Go Wrong in Real Estate.
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