Proceeds to Litton shall be no less than $57,615.00 Litton reserves the right to adjust its approvednet proceeds or cancel this approval if any of the terms on the enclosed preliminary HUD-1Settlement Statement are altered without our prior approval.

More on that below.Tom, To get the $5 million, I just adjusted the price downward until the cash on cash return was about 20%.

I've done a couple of "burn outs" that ran me $20-$30K, this was in the '80s and early '90s so the dollars would have to be adjusted for inflation.Frank

Personally I think it's rude for them to just not to show up like that, but that seems to be the norm these days, so we have to adjust to it.

My background:I am an insurance property claims adjuster and have been working catastrophes for the past 7 yrs. which requires quite a bit of travel.

What you may need to consider, possibly, is adjusting your strategy.

I found this statement pretty shocking: "While the S&P 500 returned an average of 9.5 percent annually for the 50-year period, the comparable figure after all the adjustments was a mere 1.3 percent."

The long-term Cash-Shiller data, adjusted for inflation, shows that over the long term (decades) house prices are flat.

If highly leveraged, or overextended, you need to visualize the potential problem and adjust for it now, imo.

Like sales are used for this, same size, the same type of locations, adjusted for my smaller town, market values were compared and then I asked what he thought it all might be worth, leased out?