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Updated almost 9 years ago,
Property In South Carolina
Hello Bigger Pockets!
I've come across a situation I wanted to share and ask if anyone had any suggestions. My Aunt owns a home she had for a while and she wants to move. She has equity in the home but she still owes a mortgage. Fortunately, the equity is pretty decent so she wants to sell. She's willing to take cash for the equity if someone wants to take over the note. She knows I flipped a houses so she asked me, but I never dealt with someone who had a mortgage. All of my deals have been with sellers who are free and clear.
What would be the best approach to helping her accomplish her needs as wholesaling this deal?
Thanks all!