Posted by Redline on March 11, 1999 at 14:13:17:
So basically what you’re saying is they want to sell the house for minimum of $90,000? ($60,000 loan, $30,000 cash). That doesn’t leave alot of room for a good deal. What’s the place worth? The asking and tax appraisal won’t help you there.
If it was worth like $100k and you paid $90k (assumed loan, etc) you might’ve been able to turn around and option it to someone else for like $100k on an owner finance deal BUT since these sellers are saying they need $30k now … I don’t know that there’s a deal here.
I leave myself open to correction …