Help a seller who owns home free and clear

[Brenda Jean Adamson]

What are some ways that a buyer could help a homeowner as described below?

1. Seller paid 182K cash for the home; no existing mortgage

2. Has bad credit and has been unsuccessful at getting a hard money loan

3. No steady income

4. Expecting funds in the coming months but this is not guaranteed

5. Family now wants to relocate to another part of town

6. Home may appraise for around 220K

7. Seller wants some cash out now

Thoughts?

[Theresa Harris]

@Brenda Jean Adamson  It is great that their home is paid for, but with no steady income and a bad credit history, their options are going to be limited.  Any options they do get, will come with a high price tag.