Posted by Bassman on November 29, 1999 at 13:26:38:
Why not show him a copy of the purchase and sales agreement between you and the seller? Don’t have one? WHY not . You should always have a purchase and sales agreement , even when you get a house deeded to you , so you have proof that the transaction occured, besides just the Deed .
And have it notarized as proof, to keep yourself from getting in trouble. Where it says assumption price, scratch out assume, and out “subject to” . Shouldn’t be any problems.
Just my thoughts.
Scott
A seller deeded me a house which I am now about to lease option to a buyer. The seller needs to clear the mortgage debt from his credit so he can buy a car. The car dealer wants to see a contract. How should I handle this? Should I fax the car dealer a copy of my contract with my buyer to show that the house is being leased? (I really don’t want the seller to see the details of the contract with my buyer). Or can the seller just show the dealer a copy of the warranty deed that he signed with me?