Posted by Joe Kaiser on July 05, 2003 at 14:59:30:
This is not an answerable question. You have no “this type of
deal” to talk about. This could be 100 different types of deal.
Being 70 years old means what? That she’s gullible?
You start with “what does she want” and then figure out a way to
give it to her. Answer that, and then we can perhaps offer some
help.
Joe
1978 assum/non qual. How do I structure this??? - Posted by Ron
Posted by Ron on July 05, 2003 at 14:41:04:
I know a lady with a 1978 mortgage. It is assumable non qual. She is very flexible with price and terms (she is 70). There are only 5 yrs of payments left (at $275.00 a month). The house is valued at around $240K. I really want to get this place. What is the best way to structure this deal? Please advise. I appreciate any advice from professionals who have done this type of deal before.
Ron…