Finance Question About An OWC
In your experience how would a lender see a deal where the seller carries back 50% and the bank finances the other 50%? I'm trying to do a low down or no money down. The seller doesn't care how he gets his money as long as he gets his price. He owns it free and clear. Has anybody done this before?
What I'm hoping to do is not have to come up with any money, and acutually get money back at closing for repairs, and fix up. Any idea's?
Oh yea I forgot my fico is about 622. And I would want a stated income loan.[ Edited by scr2001 on Date 01/14/2004 ]
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