Owner finance (similar to contract for deed if that is legal in your state) is a good way to get out of your situation, with the possibility of making some money on the deal.Ask for at least 10% down and figure out what interest rate you would like to charge (depends upon their credit, I suggest nothing less than 8% even with impeccable credit.)You can use a mortgage loan calculator online to get the amortization table, and there are companies out there that will 3rd party service the loan and report to the credit bureaus for you.I suggest finding a real estate attorney in your area that has done these to structure it correctly for you.

The banks get more of a spread than that; these days you're lucky to get 0.8%, but the bank is charging over 3% on the loans.

For example, Heaton Dainard charges a $250 desk fee and only a flat $250 for each transaction.

They were very fair on their charges & I got a 3.875% 30-year fixed.No doubt about it, I couldn't have pulled this off without Mike H.

In addition to those fees some brokers charge a fee on each deal you do to cover the technology/office access.

some states charge as much as $800 a year just to keep an LLC.There are very valid reasons for setting up an LLC but:1.

I think Guru is someone that is trying to trick someone into spending money on a system that either has never been proven or they are excessive charges that people who signed up did not expect.

well I think Bill Gulley just might agree that charging MARKET RENT and an extra OPTION PAYMENT monthly of $200 instead of over charging rent might be the way to go.Brian

Also, if you were converting to city sewer, you have to dig and lay pipe to the road and then the utility company will charge you a hookup fee (I think it was $600 here but dont hold me to that).

I'm closing on two houses from the same seller in a few days and I noticed in the HUD that there was a charge of $84 for currier/postage/wire fees -- one charge for each house, so $168 all together.