Quote:
Originally Posted by LeeH
Do people really sign up for this/
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Uh, not in my experience! Especially not the "forfeiture of your deposit" part. WTF? I can see losing your deposit if you executed a contract, were in escrow, then backed out (outside of your DD period). Must be a UPS/franchise-specific thing.
I've gotten financials from private/corporate/hedge fund/REIT sellers (of commercial RE) with little more than a polite request. At most, sellers will usually request "soft" proof-of-funds. Even those wanting an EMD prior to releasing financials will not make any portion non-refundable, IME.