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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] What's to lose?? Posted by Ward-CA- on October 14, 2003 at 6:46 AM In Reply to: Re: no equity in house at all, is actually worth less than what we owe on it. n/t posted by JR M. on October 12, 2003 at 10:58 AM : : : I have a house that is in foreclosure and vacant. The sell is in a month. Today a couple called and would like to buy it. They can pay the $5,000 I owe now to get it out of foreclosure and then pay regular monthly payments. They are willing to sign a contract for the next five years, at that time they will obtain their own financing. =================== Lots of people can't buy a house through regular means because of past credit problems. The only way they're going to acquire a home again is to buy one from someone who is in foreclosure who will require very little down and allow them to take title to the property subject to the existing financing remaining in place. So if they are willing to cure your loan delinquency in exchange for your deed granting them title to the property, what do you have to lose?? Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : : I have a house that is in foreclosure and vacant. The sell is in a month. Today a couple called and would like to buy it. They can pay the $5,000 I owe now to get it out of foreclosure and then pay regular monthly payments. They are willing to sign a contract for the next five years, at that time they will obtain their own financing. : =================== : Lots of people can't buy a house through regular means because of past credit problems. The only way they're going to acquire a home again is to buy one from someone who is in foreclosure who will require very little down and allow them to take title to the property subject to the existing financing remaining in place. : So if they are willing to cure your loan delinquency in exchange for your deed granting them title to the property, what do you have to lose?? : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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