Source:


Deaton Investment Real Estate & The Wake County Apartment Association



Tuesday, February 24, 2009

Have you been living under a rock?

The financial meltdown and gloomy outlook has some people wishing they could go hide away in a cave. Well for one family, the recession and lack of financing is forcing them out of their 17,000-square-foot, subterranean home. After purchasing the home in 2004 with a 50% down payment and a 50% loan from the seller for 5 years, Curt Sleeper cannot find a source to refinance because there are NO comparables for the property and no banks want to take the risk. Now he has turned to E-Bay to sell or find a lender and the response has been unreal. Let's hope they can find a way to stay in the 'home' since they just gave birth to their third child (in the cave).

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