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Residential land sales, prices hit hard here – Prices have dropped to levels not seen since before 2000, brokers say. payoff periods of two or 20 years, Lutz said. At Mutual of Omaha Bank, 30 percent down payments are also required, said Jim.
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Lutz and her husband. a residential broker in Seattle. “This can be stressful for condo sellers,” he said. Another potential glitch in the process is that the lender may not approve a mortgage for.
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