Posted by Sean on February 29, 2000 at 14:37:06:
…that the $25,000 mortgage could be sold for $20,000 without much trouble. On the other hand, a number of questions pop into my mind:
Why does he need $20,000?
If he needs $20,000 does that mean he needs $20,000 MORE than what he currently owes on the property?
How much does the Seller currently owe?
Help, How Do I do This??? - Posted by Jessyca Watson
Posted by Jessyca Watson on February 29, 2000 at 12:24:11:
Okay,
On Friday I got together with the realator on the four-plex I want to buy. I put in an offer to help the Seller sell the first mortgage of $25,000 and the rest owner financing. Yesterday I got a phone call from the realator. She said the Seller absoultly has to have $20,000 CASH at POS. Is there any way I can generate $20,000 cash for this deal, without having to worry about a credt check or income verification? I would be willing to pay a high itrest rate. SOMEBODY PLEASE HELP!
Revisit prior post - Posted by Michael Morrongiello
Posted by Michael Morrongiello on February 29, 2000 at 14:44:19:
See my post below for a possible structure to this type of deal.
Re: Owner Finanicing/Down Payment - Michael Morrongiello 18:59:24 02/24/00 (0)
Michael Morrongiello