Interesting.....Owner finance or Lease Option??

[Sam Levitz]

I would really appreciate some expert insight on how to structure this new offer on my townhouse....

They buyers really want to buy it. I told them the price of $377k. I owe $376k. It is worth about $250k with all the foreclosures and REO's in the area.

They have kind of poor credit but their business is ROCKING....They bought a Subway franchise.

They can put up to $15k down......

I currently have a pay option ARM. And I am thinking of asking for a modification on it to get them to fix it for a nice low rate.

My monthly payments are around $2500/mo depending on the variable rate at the time.....

Can you offer a few different ideas on how to structure this so they can move in and I can stop stressing over it?

I was thinking of having three different options for them, $5k down, $10k and $15k down. Just need help structuring the monthly and figuring out how it would work on the back end of the transaction once they get a new loan or refi or something.

Is it best to structure this as a lease option or simple owner financing?

They also asked me if they can cash out their loan with me early.

HELP!!!

Thank you all for your eyes on this deal.....