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Originally Posted by william
If the buyers are well-qualified (FICO scores exceeding 700), they required no creative financing to purchase and their deposits are good as gold. That is the question to ask the developer. How qualified are the buyers? If he sold units to qualified buyers, we can look forward to Aura majestically gracing the Sacramento skyline. If not, the project is in trouble.
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I think (not certain) but didn't buyers put down either 10-15% of the purchase cost???
BTW William welcome to the boards. Your feedback and expertise are appreciated.