Help Needed To Structure A Deal

There is this small duplex, it has an assumable loan, some restrictions apply at 4.85% of 75000, the owner wants another 50000 cash, he might be willing to carry a second, what can I do if I cannot assume the first loan? Ideas will be greatly appreciated. confused confused

Comments(2)

  • sanjosee9th October, 2003

    ask to buy it subject-to existing financing

  • xevox13th October, 2003

    Have you try putting a loan on there. You should check first to see if you could get one. If you need help getting finance. I am a mortgage broker. Get in touch with me.

    Ethan Vo
    FundingSource @ socal,rr,com
    714-914-9379

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