Asking for suggestions on how to structure this deal

[Rico Castillo]

Hello everyone.  I'm a long-time real estate agent.  I did 1 seller financing for a client 4 years ago and have done 11 lease options, but they were all pretty easy.

I have a buyer who needs a couple of years to work on their credit but would love to get into home how.  They have $50k cash now and a good income, but they need to work on their credit.  I found a seller who is willing to seller carry, but.. Let me tell you about their situation first:

They have a 1st, a 2nd, and a 3rd.  Their agent also wants to get paid.  All of the above totals about $430k.  They want to sell their home for $550k.  If the $430k is taken care of, they're willing to carry the rest.

I told them to let me see what I can do.  I'd welcome any suggestions, and I appreciate and thank everyone in advance.

[Henry Clark]

Go to a local bank or credit union. Preferably the one he already has an account at.

Ask them if he moves the $50,000 into a cd or money market that they can control, can they loan him the entire amount.  They should also cut 1% point or so off his rate.