banks will be tough...if the property is truly worth 300k, i'd get in touch with private lenders or a hard money lender..the payment will be a bit higher however..but any lender should be thrilled to be in first position with a 30k mortgage on a 300k property...if you screw up,they get a heck of a deal..and if you pay it off, then they get their interest just like they wanted in the first place :)

The rationale was the buyer is gettng the property for at LEAST 10-20% under market value and because they are thrilled with the price the fee wasn't an issue.

Most are bought on emotion and the thrill of owning beach property.

And for reference, NACA default rates are about 1%, and I'm thrilled to support any program that is that successful with buyers.We work closely with a bunch of NACA agents, and their buyers always get "first dibs" on our properties.

Suffice it to say my painter is thrilled about all the work.  

I'm thrilled to hear you've had a positive experience. 

I'm thrilled to personally get more involved here. 

I’m not thrilled with DeKalb government, but think Greenhaven would actually be much worse. 

They have to pay the higher price for the thrill of scaring you away?

I guess the seller wasn't thrilled that the offer was lower, but he took it and they closed escrow this week.