Posted on: 20th Jul, 2010 11:49 am
I have a home that is on the market to be sold, at this time it is rented out. I have found another home I want to buy if I can get him to sign a quick claim deed with a 10 year purchase agreement would that actually be legal. I know the back is not going to give me a mortgage on 2 houses on my income. Any advice?
Hi Viola,
You can contact the seller and apply for a owner finance. If the seller agrees to go for a owner finance, then you would be able to purchase the property though you have a home with a mortgage on it listed in the market.
Thanks
You can contact the seller and apply for a owner finance. If the seller agrees to go for a owner finance, then you would be able to purchase the property though you have a home with a mortgage on it listed in the market.
Thanks