Posted by Jim IL on January 19, 2000 at 21:49:54:
I’m no expert, but here is how I’d answer those questions;
#1, Thats up to you, and depends entirely on your goals.
#2, what can you negotiate that will benefit you the most and still solve the sellers problems and/or fullfil his needs.
#3, you can sell the place anyway you want, or do anything you want with it. But, WHY would you refi it into a loan that would have your name on it. With the loan in the sellers name, you options are virtually endless as to how you sell it later.
No point in using your credit when you don’t have to.
Unless, you plan to keep it a LONG time, and the rate on it now is really high, and you can lower it.
Just my $.02,