[Newsbot]

Title: Quebec home listed for just $1 online
Category: Misc CDN
Posted By: Jenuine
Date: 2009-03-25 11:07:48
Canadian

[Bacardi4206]

Imagine how disapointed he will be if only one person put's in a price as it sells for 2 dollars. Rofl would he ever be pissed.

[Brenda]

Well, he doesn't have to accept that offer, does he

[Jenuine]

I doubt he will get market value for it. Be interesting to see how it goes, though.

[2Cdo]

I bid a $1.25. I can't wait to see if I get it!

[Proculation]

lol come on. It's in Quebec.

[Lavics]

Well its Quebec... Buy cheap, sell cheap.

[Bacardi4206]

Brenda Brenda:

Well, he doesn't have to accept that offer, does he

Not really how a bid works.

[Lavics]

Bacardi4206 Bacardi4206:

Brenda Brenda:

Well, he doesn't have to accept that offer, does he

Not really how a bid works.

True..but if a house is selling for $200 000 and I put a bid of $50, the seller can just refuse the bid exactly like the guy thats selling his for $1. They can be refused

[Brenda]

Bacardi4206 Bacardi4206:

Brenda Brenda:

Well, he doesn't have to accept that offer, does he

Not really how a bid works.

oh really...
Does it say he will accept every offer? Does it say when closing date is?
In this case, it is exactly how it works.

[ziggy]

Do you have to take over existing mortgage payment's I wonder?

Last recession my old man sold many houses for a buck.

[Brenda]

ziggy ziggy:

Do you have to take over existing mortgage payment's I wonder?

Last recession my old man sold many houses for a buck.

Do banks still accept that?

[ziggy]

Brenda Brenda:

ziggy ziggy:

Do you have to take over existing mortgage payment's I wonder?

Last recession my old man sold many houses for a buck.

Do banks still accept that?

I dont know but he bought a whack of them,rented them out to make the mortgage payments and when the economy went for a shit he sold them for a buck but you took over the payments,I imagine they would have had to go through the same hoop's at the bank as if you were buying a house.

[raydan]

Brenda Brenda:

ziggy ziggy:

Do you have to take over existing mortgage payment's I wonder?

Last recession my old man sold many houses for a buck.

Do banks still accept that?

Nope, when you sell a house, it's the notary's reponsibility to pay off all existing mortgages, unless the buyer and seller agree to transfer them.

...I worked 21 years in financial institutions... but don't hold it against me.

[Brenda]

raydan raydan:

Brenda Brenda:

ziggy ziggy:

Do you have to take over existing mortgage payment's I wonder?

Last recession my old man sold many houses for a buck.

Do banks still accept that?

Nope, when you sell a house, it's the notary's reponsibility to pay off all existing mortgages, unless the buyer and seller agree to transfer them.

...I worked 21 years in financial institutions... but don't hold it against me.

Thats what I thought too, considering the fact I bought a house less than a year ago... That, and the fact I have a lower interest rate than the sellers had... I have a 2% variable now (half under prime... Banks don't "do" below prime anymore)