I think Rag's is referring to the amount to 'hold' the property not the cash balance to pay at closing (the 20% you mentioned). When I've purchased any property I try to put as little 'hold' money as possible since there are legal obligations that accrue with that process. And yes from what I can read 'pre-owned' operates much differently than new in TV.
Is that what you were thinking Rags?
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