Posted by Ed Copp (OH) on April 01, 2000 at 20:22:08:
H-O, You might consider assuming his loan and having the lender release him from his liability. This should be less costly since the loan is already in place, and should be reasonably easy to do if you are qualified creditwise…ED
what SHOULD I … SHOULD I… SHOULD I… - Posted by hot-one
Posted by hot-one on April 01, 2000 at 09:16:40:
do in this particular deal.
Seller wants his loan paid off (84K)
He does not want to L/O!
and wants to close quick. I don’t have cash but my credit is real good!
he just wants his loan paid off!!!
house is appraised for about $110,000.
Should I, Should I get a loan??
Does anyone have any other suggestions.
I’d appreciate it,
hot-one
What’s Your “Exit Strategy” - Posted by Bill K. (AZ)
Posted by Bill K. (AZ) on April 02, 2000 at 12:33:34:
Hot One,
What are your plans for this home if you acquire it? Knowing that will help clarify the options for how to get into it.
Bill K. (AZ)