Posted on: 29th Oct, 2008 03:49 pm
due to job transfer, we have to sell our home. we currently have a 20 yr mortgage and a 2nd for our pool (didn't plan on moving) with payments totaling $3000/m. we cannot refinance because for sale and expensive. if money is given down, is that earnest and kept or go to the principal? what is recommended to do in this situation?
dorene
dorene
Yes any money collected would go towards principal if it is a straight owner finance.
If it is a lease option you can get a deposit like a landlord would?
Brian
If it is a lease option you can get a deposit like a landlord would?
Brian