Not Sure How To Proceed
All:
Here is my situation:
I have control of a property which has a note due of 130K.
I have a buyer for the property at 142K.
My buyer needs some help on the down payment (about 7k of the 14).
The house may appraise for as much as 150. He will need 10% down.
How do I structure the deal with my buyer?
Thanks for any suggestions,
Chris
If buyer has good credit than you may get a loan for 103% of purhcase price and it may help you with the down payment and closing.
Al
Loan Consultant