You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “How to get a possible investor/buyer to take possession of my home & pay the mortgage until they can sell?”.
-
Archives
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
-
Resources
-
Meta
NESTOR
Well, when was the appraisal done, as appraisals do have a shelf life. If the appraisal is more than a year old, it is not worth the paper it is written on.
Your post is very complex, although you seem to have it all figured out in your mind. Investors are interested in CAP rate, how much it will make them. That a realtor stole 20k from you seems strange. Attorneys fees and closing costs are typical to be put into a loan. You can’t “gift” a deed, you have issues to settle on who holds the note. And you are speculating on how much equity will be available.
You have so many things going on here, and you are running on speculation of what the market will do. You should offer the property for sale and take your chances. Do a FSBO, this sounds right up your alley.
CLAIR
It sounds like you want someone to assume your mortgage. I’m a mortgage broker from Edmonton, Alberta. here home owners can let a buyer assume there mortgage, which basically means they buy the equity in the home. Don’t know if this is an option where you live, but it sounds like this is what you want