Getting A Morgage Instead Of Sub 2
I found a deal in which the home owners owe 190K,they would like to stay at the www.house.My proposal was to them sell me the house for 280K and then split the equity I want 30K and for them to keep the rest of the money from their home www.equity.They will buy back the property in a 2 year period with one of their sons www.credit.I want to know if this is legal?Im just creative in this deal,but i want to know if im ok with this deal legally...
thanx for the advice,they know that if they dont do something about it fast they will loose it so they are trying to do any www.deal.i will do a clause stating that if they default 1 time in their payment to me i will foreclose on them and keep the house to my www.self.im writing all types of documents to protect my self...