I sold my condo in Chapel Hill, NC to a sight-unseen buyer from California in 2005. The buyers were a husband and wife, both attorneys. He trusted me to accurately disclose all relevant information (which I did). I sold it with high-quality tenants in it with 18 months left on their lease, and the place was nicely cash-flow-positive.
The CA buyer was snapping up a few properties around Raleigh-Durham-Chapel Hill for investments. He had a ton of money available from his newly acquired home equity loan (Santa Barbara or Clara or Cruz, CA - dunno?).
I figured if he felt I cheated him, he'd be initiating suit quickly. He was also diversifying risk by buying a few sight-unseen properties - the assumption being that he wouldn't get ripped off on all of them.
Must have been tempting to have all that cash burning a hole in his CA pocket and being able to snap up nice properties in NC for under $100k a pop.