Winnipesaukee Forum - View Single Post - 97 Pleasant St-Meredith-sold!

fatlazyless · 12-31-2011, 04:49 PM

Here's a question.....if 97 Pleasant St was purchased with a bank mortgage.....wouldn't it be very unlikely for a bank to agree to the 1.1mil purchase price, and only because it was a cash purchase is why it sold for so close to assessed value? It's just not like a bank to be loaning out 1.1 mil for a house the town has assessed for1.2mil .......just too rich a loan for a bank mortgage......me-thinks?

Cash is king!

12-31-2011, 04:49 PM	#4
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,738 Blog Entries: 1 Thanks: 300 Thanked 1,007 Times in 735 Posts	Here's a question.....if 97 Pleasant St was purchased with a bank mortgage.....wouldn't it be very unlikely for a bank to agree to the 1.1mil purchase price, and only because it was a cash purchase is why it sold for so close to assessed value? It's just not like a bank to be loaning out 1.1 mil for a house the town has assessed for1.2mil .......just too rich a loan for a bank mortgage......me-thinks? Cash is king! __________________ ... down and out, liv'n that Walmart side of the lake!