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Updated almost 17 years ago,

Account Closed
  • Real Estate Broker
  • Seattle, WA
12
Votes |
121
Posts

!Deed to Land Trust w/equity! Advice please

Account Closed
  • Real Estate Broker
  • Seattle, WA
Posted

I have a seller who is willing to Deed property into a Land Trust.

The Property is worth (M.V.) 415k.
The Seller wants 315k
I have a buyer for 365k
Is it okay to Deed to Land Trust to make a spread for myself?

This is not a Short Sale but the property is in PreForeclosure for the past 7months w/ Option One. The lien holder has just filed Notice of Trustee Sale for June. (I know what you’re thinking)

Also I'm a Realtor acting as an "investor"

Any advice is appreciated!

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