Posted by Ed Garcia on December 29, 2000 at 10:28:02:
You’re sitting on all of your answers. First go back to the mortgage co. that offered to help you clean up your credit. They already know your financial picture and what to do with it, so why would you not proceed with them.
You don’t tell us what state you’re in. In California, title companies can get us comps and loan information. In other states, you may have to go down to the county recorder for this information. You might tell her the reason you are asking about the existing loan, is to see if it’s assumable, what is owed, and who is the lender? Your thinking, that you might see if you can get a second to buy, rather than refinance the whole loan amount. She may blow you away by just saying the loan is not assumable, but it’s worth a try.
As far as asking her if she will carry or do a lease option. Evelyn, you sound a little intimidated be this lady, don’t be. JUST FLAT OUT ASK HER. The worst she can say is no. In the process you might be able to find out what you should have known all along, and that is the motivation of the sale.
In regards to you mothers suggestion. There is nothing to talk about, try it.
Good luck Evelyn,