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5% of sale price to compensate for risk. Sale price is irrelevant. It's just as reasonable as what the buyer offered so why not propose it?
I know the bank will never take a 70% second, and in fact said as much.
The house is overpriced. If it were not OP would have received an offer of full payment.
6% to play in the financial gutter? OP can't find a way to make 6% elsewhere? it's a suckers bet and doesn't even pretend to compensate OP for an enormous risk.
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Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
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