Posted by Tony on February 12, 2002 at 20:09:58:
This is an idea. I have never done it and I don’t know if it will work. Have the seller deed you the property “subject to”. You get a 2nd mortage on the house to catch up the 1st and repair money. or find the money from some one else. You may need to catch up the 1st before you can get a 2nd. Or try to flip the deal to an investor who has the resources to pull it off. Let me know what you end up doing.