Possible deal, need some advice!!!!! - Posted by RR

Posted by Brent_IL on February 02, 2002 at 09:22:15:

Get a new first for $60,000, give him his $40K, and be happy.

Possible deal, need some advice!!! - Posted by RR

Posted by RR on February 02, 2002 at 08:22:40:

I got a call from a seller who has a duplex 3/1 2/1 , he said was appraised at 110k but he needs 85k, he owes 20k,he’s willing to do a lease option if he cant sell it by himself , his payments are 450,OO withouth insurance and taxes, He said that reason why he is selling is because hé is relocating, so far he got 2 offers,I’ll meet him today at 3:00 pm, and i have a few questions for you members of this board.
He said he would need at least 40k to move to the other place,He’s willing to pull the equity out and do a l/o.

Should I ask him for the 2 writtens offers? so I can mine

let’s say his insurance is due on april $1500(example) how do I take care of that?using part of the NROM?

Am I missing something here?

DONT WANTERRR!!! - Posted by RR

Posted by RR on February 02, 2002 at 11:34:38:

I just want to see the place, it might worth 10k(land + property)
Another seller just playing gamess!!