What Can I Tell The Seller?
What assurance can I give the seller to this question? ?What if the person I sell to CFD trashes the property or and decides not to refi and moves on at the end of two years and me the sub-to buyer cannot afford to fix it and resell? I will of course fix it and resell, but how can I assure this or prove to the seller?
Mr. Seller...Would you give someone a large downpayment on a house, sign a contract to buy it, and then trash it and leave. The state of ______ has bestowed certain powers to me if you did decide to do that. And plus, these are home buyers I deal with, not renters.
nebulousd,
Thanks for your reply. I have not made a deal subject to yet but I've got my eye one, I just want to be prepared for any questions the seller might ask.
How much would the down payment need to be for you (or anyone else reading) to feel comfortable selling on CFD? The house would be $70,000 to $75,000.
We say
It is in your contract that states that from this point forward I am responsible for the property. That is why we screen the buyers we put in a house. So its in our best interest to find the right couple the first time. It is a posiblity but our program is set up for those looking to buy not renters.
Just our quote and that is not where the usual hangup comes in with our sellers
Sire