Selling to T/B
I am in the middle of my LeGrand course - so this may be covered later. I am curious how the process works when selling the property to the t/b.
Do you basically wait for them to qualify for a loan? What is the closing process? What kind of closing fee's are involved?
Hi Sentrex,
You can have them work with your mortgage guy as to how to improve their credit over time and if they can't after a set time limit in your contract (3yrs tops in my book), they are outta there!
Closing costs are generally 3% of the loan unless you are doing some sort of kitchen table closing.
Kelly
Thanks Kelly.
I am just past half way in the course I am taking. Everything that I can gain understanding on the 1st time around is greatly appreciated.