Purchase Reverse Case #2
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- 70 year old widow on fixed income has $300k life insurance benefit for a down payment on a new home
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- She’s looked but doesn’t like neighborhoods at $300k price point
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- She doesn’t want to take out a loan to buy in nicer neighborhoods since she is on a fixed income
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- Her kids want her to live in a nicer area & enjoy her new home – not settle for less