NEED HELP REAL BAD!!! - Posted by Aaron Jackson
Posted by Aaron Jackson on February 23, 2000 at 17:59:44:
I am buying a House for $80,000. The seller wants 10% Down $8,000. Owes $50,000. And is giving me $22,000 at closing for fix-up. The place only needs about $2,000 in estimated fix-up.
$2,000 Estimated Cosmetic Fix-up
$20,000 For me at closing
The PROBLEM is I need the $8,000. I had an investor who backed out on the last moment because his wife left him for his dad and he is emotionaly tied up. ALL my credit checked out good. We suppose to close within a few days.
I own a Duplex with $12,000 equity in it aas collateral. And will get $20,000 at closing. Is there ANY WAY way I can get an investor/lender to give me line of credit or cash for $8,000 to go through escrow as a down payment for me just for a few days? I am offering a 10% yeild on a few days investment. If anyone have any suggestions any information would help pointing me to someone who could help me with a short term high interest rate loan.