Posted on: 21st May, 2010 12:03 pm
My brother and I inherited our mothers home and it is in dire need of fixing up. We wish to sell it to my brothers daughter as cheap as possible so she can get a mortgage she can afford and monies to fix it up. On the market home is worth about 130,000 and we wish to sell it to her for 110,000..bank says we need gift of equity letter..how would I write this..no money is expected from her and no money is being given to her..just a lower price..help..j
Hi bluewillow,
You can check out the given page where you can find a link to gift of equity letter:
http://www.mortgagefit.com/predeal/giftequity.html
Hope it helps you.
Thanks.
You can check out the given page where you can find a link to gift of equity letter:
http://www.mortgagefit.com/predeal/giftequity.html
Hope it helps you.
Thanks.