Posted by Brent_IL on February 19, 2002 at 09:50:54:
It’s possible, if you check around. A few banks are only concerned about their 80%, but most lenders want the buyer to have some cash in the deal. Some lenders who won’t do 80/20, will do 80-10-10 if you put 10% cash down.
Could the owner re-fi at 80% and let you take over subject-to, or do a wrap?