Free & Clear
Thinking of buying a house for myself (rent right now) I know a h/o who just put their brand new house (built 02') on the market and are already in the process of building a new house. I was thinking of having them refi-it and taking it sub-to or having them put a mortgage and a note on the house and pay them. (I can't take conventional loan because my credit sucks) If I do this what are the benefits for them and me if I go this route.
by the way -they own the house that they put on the market free&clear
Go for it!! The benifits are clear for you.
You will own a house and they get full price for their house plus interest.[ Edited by theREIkid on Date 11/01/2004 ]