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The truth behind all-cash deals: Post-sale mortgages
Break-neck pace of home sales is pushing buyers into "technical refinances"
From the August issue: Cash remains king for buyers scrambling to get the edge in New York City’s heated housing market. But most aren’t really draining their rainy-day funds — not at all. They’re putting the money up front, then finding a lender to help finance their dream home. [more]