I’m thinking they would want it off their credit report if they are planning to get into another house. am I wrong? What is the best way to advertise for lease-option to get someone is quickly. I don’t want to “hold” it for long with payments. Thanks! Shirley
I need help. I found a house that is only 5 years old, new houses are still going up around there for 140,000-150,000. The owners are anxious to leave and will sell to me for what they owe, 126,000. What is the best way to do this deal for a quick turn? Or is it even worth it with that margine? Then I would have to find someone to put into it. Could I try a subject to, then a lease option? Or is there a better way. I don’t think they will do subject to because they are still living there and want to get into something else. Any suggestions? Thank you!
Posted by Innovator on March 09, 2006 at 24:20:51:
Do a subject to, find a resident to make the payments (lease option, trust, renter, whatever) and you make the money. Why wouldn’t your motivated seller want to do a subject to if someone else is paying the mortgage payments?