Posted by Mark_IL on May 14, 2000 at 16:19:32:
I have been considering the subject to approach. It reduces the risk of the current owner creating encumberences on the title in the future and with this much money from my pocket on the table, I would not do this anyother way (except a refinance.)
I must fix this place up before resale or L/O since the owners abandoned the property with several cats and large dogs locked in for three months. A neighbor just kept feeding and watering them. Kibbles and bits and sh*t EVERYWHERE. These folks think there is some equity left but between the animal damage and the 10k they finaced out 6months ago, the equity and then some,is gone.
I am going to approach the lender and if they can’t be proactive my offer will be a subject to deal.