Business Family And Personal Philanthropy in Peru China And the United States

Cover Business Family And Personal Philanthropy in Peru China And the United States
Business Family And Personal Philanthropy in Peru China And the United States
Isabel Wong Vargas
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You would have escrow, like here, and you have two or three months to pay it off, but not like here, where you go to the bank and get a loan. Over there you have to pay in cash, in two or three months. It all depends on the time negotiated. During that time we would put down maybe just $10, 000, but in a few months we would have to have the whole thing to pay it off. If you don't pay, you lose the $10, 000. If they find somebody else and don't want you, they will pay you $20, 000- -double your ...down payment. People liked to put down about $50, 000, because if they pay you double, you earn money anyway .
If, during that two or three months, you find another buyer who will pay $300, 000, you make $100, 000 without using any money from your pocket- -only the down payment. Here you couldn't do that, I don't think. We call that my fah.
H Here, realtors have to study and pass an examination. Over there, you don't have to. I watched my godmother, and she taught me. Over there, houses were made of cement and concrete.


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