Chapter 520
“Who told you this? Is it true? Did you ask for clarification?” Olga asked hopefully, “Why haven’t we heard of this before?”
“All the big companies knew about this, so the bidders this time are all top–tier companies. They’ve got the dough, so even if they shelf the property for five years after buying it, it won’t affect their cash flow.”
But they just can’t do that!
They’ve borrowed a ton of money, including bank loans and personal loans, even sold some stuff, and finally scraped together $1.2 billion!
They originally planned to flip the property right after buying it, and they had no plans to hold onto it for long!
“The day I won the bid, the documents I signed already mentioned this situation.” Attlee was full of regret.
He was too excited at the time, only thinking about putting his name on the dotted line, and didn’t bother reading all the fine print!
“Also, before the auction started, the organizers had already brought up this issue. But we just heard it through the grapevine, we didn’t look into it because we decided to join the auction last minute.”
Olga felt a wave of darkness wash over her. She reached out to steady herself on the couch, took a moment, then said, “So, the Murphy family is really screwed this time. No wonder so many small companies didn’t dare to take on this property. On one hand, it’s a money issue. On the other hand, after buying it, they have to sit on it for five years.”
They can’t even wait five months, let alone five years!
With so much interest to pay back each month, there’s no way they can keep up!!
“Attlee, what are we going to do?” Olga was on the verge of tears, “Such a big property, we don’t have the spare cash to develop it now, plus the $300,000 interest every month, how can we afford it?”
Attlee also felt like the sky was falling. He remained silent.
Yolanda was shaking all over in disbelief. She originally thought that buying this land would mean the Murphy family could turn their luck around, and she’d jump from being a rich girl in a small family to one in a big family.
But now everything had changed!
If the Panter family found out about this, her engagement party was over!!
Last night Mr. and Mrs. Panter were already pissed. If they found out that the Murphy family didn’t have the funds to develop this land, her future was ruined!!
No! This can’t be happening!
Although she didn’t really like Zachary, at this moment, the Panter family was definitely better off than the Murphy family!
She had to clutch at this lifeline!
“Dad, mom, don’t panic, we still have grandma, right? Grandma still has shares and money, and she should be able to help us get through this for a while!”
As soon as Yolanda said this, Attlee and Olga saw a glimmer of hope!
Right, they still had the old lady!
She still had shares, money, houses, and cars, and she should be able to help!
“Olga, let’s go. We need to find grandma.”
This time, they had to ask for her help no matter what!
Attlee didn’t even have time to change his clothes, and neither did Olga. They took Yolanda and rushed out.
At the hospital.
