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Far Out Friday: Cash-paying millionaire loses out on 5,000 square feet

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Mortgage Professional America | 16 Jan 2015, 07:55 AM Agree 0
A Hong Kong-based millionaire was absolutely horrified a few years ago, when he learned that his Malibu mansion was not 15,000 square feet like he thought when he paid $12.25 million in cash for it – so horrified, in fact, that he’s taking his agent and the brokerage to court. Again.
  • educationisexpensive | | 03 Feb 2015, 10:20 AM Agree 0
    What's the old saying 'Buyer beware' and since when do you spend $12.25 million without an appraisal?
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