Purchase Offer: $300,000.00$225,000.00 New first mortgage (or possible option of assumption and or with increase of existing first to 75%)$50,000 Second mortgage (carried by vendor for 5 years interest only at 8%)$10,000.00 Initial Deposit$5,000.00 Additional Deposit following condition removal$10,000.00 Balance5.

New hospital which is bigger than most hospitals, new dentist school (biggest in state), etc...If you cannot find a tenant occupied existing duplex, either build one or buy existing single family homes that are easy to rent.

Seller is moving and need to sell:Residential - Single Family3/2/2 Ch/a - Good Condition1444 Sq FtAppraised for $79,000Bought for $75,900 2 years ago.Owes $73,000I want to purchase his home "Subject To" his existing financing.Option 1 - Deed the property over to me and I will assume payments on the home & rent it out for cash flow.Option 2 - I Assume his payments & rent it out for cash flow.What would you suggest that I do?

Purchase price is $140k, existing mortgage is about $50k.

I have to find out if the owner filed a ch 7 or ch 13 bankruptcy and I also have go to the countys office and look up to see if there are any existing liens against this property.

To make matters worst, the products once available in the sub-prime market ceased to exist.

My market is none existent.

”Refinance the house for 80 or 90 LTV get out about 20k cash”Don’t know that loan exists today… 90% Non owner cash out?

The previous poster is accurate; only agree to pay the collection account if the creditor agrees to remove all trace of its existance from your credit report.Regards,Scott Miller

Well, today the land is worth about $130,000.Do similar trust fund things like this still exist?