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Selling Property Owned Subject To On Wrap-How To Structure?
Hi. I own a property near Birmingham. I bought it subject to. I owe about $289K and it's worth about $310-320K. I want to sell it on a wrap but not sure how to structure the deal or if there would be buyers for this. The total payment is about $2200 with PITI. Interest rate is 6.25% Nice house, nice neighborhood. Trying to figure out what I can/should expect to charge for 1)Purchase price; 2) Down payment and; 3) the spread per month if any on what I pay per month. Thank you in advance.