If I come across that bridge, Ill follow procedure.

Marie Poe's point, the "deal" would be too thin if this was a sticking point, so I get that completely.Thinking about this a bit further, say I take over the seller's mortgage and give them consideration of 50k to bridge the difference between loan balance and "purchase price"... when I go to sell the home and have to repay the loan, would it not be taxed at that time?

You can also get bridge or gap funding if you do not have enough cash, and also for any repairs or upgrades in order to add value to the property.

But it still uses Zillow, so my favorite Zillow shortcoming - the house just across the river is a comp even though the nearest bridge is over a mile away - is still going to happen with this site.

Ask about bridge loans to acquire and rehab then move to a mortgage product.

I was concerned that he might file a lien on my property, but I just refinanced and my title company didn't see anything so I guess its water under the bridge.

I've read that there's a lot of traffic on the bridges downtown, so we'll keep that in mind.My wife is a RN, and will be looking for a job at a hospital in Austin when we get there.

Seems we also got off on borrower qualifications which usually is the discussion.Seller "qualifications" or more as to it SF being a right solution.Sellers may have issues with a property, such as repairs being required, that may eliminate a property from qualifying.Another marketability issue, competition in the market, SF broadens the pool of likely buyers.Type or style of a property may make it difficult to finance, the lack of comps for a unique modular home or a burm home may require SF to get it sold.Zoning may be an issue keeping a property out of conventional lending, or an unqualified FHA approved condo development may hinder financing efforts.In these case when there is a property deficiency you need to consider if it can be cured, repairs can be made but other deficiencies may not be curable which may require longer term financing arrangements.To the seller, it may be a requirement to solve the selling problem, but if it's an option you need to discuss the benefits, more money over time, better return on the money as an annuity income, tax benefits might be applicable and a quicker sale.The next bridge is, does SF make a good investment for the seller.

Just because you can get someone to agree to something doesn't mean you should, like jumping off a bridge or losing thousands of dollars from what you said they'd get.As to the deal, use an earnest money note, consider a L/O as it will probably be the cheapest way to get in with no money.

I guess I'll cross that bridge when I get there.