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Jackie:
If you want to pass along I ran into a deal in Louisville KY.
Way way out of my buying area. I am in Louisville on other business than real estate. Someone locally called on my sign on my car “I Buy Houses”.
I thought I would pass it on to your members if any were interested. I think it would be a good subject too deal.Value 115K-122K
Owe 91K 1st.
30 year fixed 6% P.I.T.I $791.00 current
Fair market rent $900-$1,000.00?2nd. $10K equity line said will take care of to make the deal work.
3/2 SFH Mt. Washington KY
Divorce situation.He is open to taking over his payments subject to the 1st., and paying for the equity some way. (My sugestion give him a second no payments no interest all due and payable in 10 years or upon fee simple transfer of title. (Question why this clause,?? for the members??)
If its ok Jackie one can call at 815-252-3808 or [email protected]
Don Wede
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