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Cashing out an equity buyout

Posted by Ward-CA- on May 17, 2002 at 11:38 PM

In Reply to: Cash Out posted by C.J. on May 13, 2002 at 9:37 PM

: How do you cash out of an equity buyout. Can you keep the loan in the original owners name if you are going to flip the property?

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Yes, if you are going to resell the property immediately then you'd pay off the old loans from the down payment and new loan your buyer would get to buy the property from you.


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