With A L/o Do You Get A T/b Pre-qual First Or

As a seller in a l/o do you need to get the t/b pre-qual so that in 2 years he would be able to purchase? Is that even the sellers concern at the beginning of a l/0 deal? ~Chantelle

Comments(1)

  • InActive_Account9th November, 2003

    That's the lessee's responsibility. You offer them the opportunity to buy. You don't guarantee that they will/can buy.

    Having said that. There are investor who want to sell their property. They send the t/b to a loan officer for consultation and/or credit repair so that in a couple of years they may be able to buy.

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