Take it or Leave it?(same as LO)
I am unsure what to do with this deal, any insight would be greatly appreciated. I have a MS who has a home listed w/ realtor until June. Is making 2 house payments and needs to get out fast. Mortgage balance is $139,000. House comps at $150,000. Sell price $144,900. No repairs needed. He is willing to lease op or anything to stop the madness of 2 mortgage payments. What would you do?
If you did not find this property through a realtor I would suggest having the seller terminating his listing contract and taking this property subject to the existing mortgage. It looks like the seller just wants to pay the realtor and escape. Make sure you do your due diligence and carefully check the comps.
[addsig]