Posted by Sean on May 23, 2000 at 20:20:55:
My suggestion is the one Lorelei recommends. See http://www.wallstreetbrokers.com/homelien.htm
Have the wife deed the property to the husband removing her name from the ownership of the property – in exchange for a note and mortgage for half the equity of the house … at an agreed upon rate of interest.
You may also be able to profit by buying that note or brokering it. I think that’s what the husband means by ‘having her off the mortgage.’
Once that’s done you should be clear to lease-option the property with only the consent of the husband.