Posted by Jim IL on February 05, 2000 at 23:56:25:
You said the seller needs “$5 grand to relocate”?
Are you sure this is what he “needs” and not “Wants”?
If there is no equity, forget giving this guy a dime.
Make an offer to either L/O it at mortgage balance with ZERO down, or take it subkect to with ZERO down.
And, if the seller will not play ball…See ya, don’t wanna be ya…NEXT!!!
Why would you give the guy $5k for ZERO equity?
If the seller is really being transferred and relocating, then he will either come around or get used to paying the mortgage payments himself.
Just remember, if you make an offer and it is rejected, do some followup and re-submit the offer again in one month.