- Joined
- Sep 14, 2007
- Messages
- 14
I have a possible "pretty house" deal that I would like comments on. The property ARV is $420,000 but the seller is willing to sell to me for what is owed $365,000.
He is 1 month behind in payments but could bring current. His company declared bankruptcy and he had personally guaranteed debt for his company.
Would an "Option" be the best way to go or an "Agreement for Sale"
Can his company creditors muddy the title on the house?
Thanks in advance for any input
Ron Steel
He is 1 month behind in payments but could bring current. His company declared bankruptcy and he had personally guaranteed debt for his company.
Would an "Option" be the best way to go or an "Agreement for Sale"
Can his company creditors muddy the title on the house?
Thanks in advance for any input
Ron Steel