Posted by jason on July 16, 2002 at 15:51:26:
Thanks for the fast reply! First, I’m going to pay off their loan. I have already been pre-approved for a 105% LTV loan which is what I intend to use. Yes you’re correct, I’ll “lease/option to buy” her the same house. Would her downpayment to me then be a downpayment or would she just be buying the option?