Make sure that the 2 week right to occupy is in the purchase agreement and even if it is only 7-14 days, additionally get them to sign a lease with a nominal rental payment.

So rather than letting them fall apart, I could step in and be able to offer them a real offer that they could use to go and maybe downsize a bit or put a down payment down on a smaller place that's more fitting.The idea is to buy the house at a good deal and be able to come away with as little money out of pocket as possible.Home Value is $120kRegular mortgage: $96K (80% of $120k) (Purchase$84k;repairs$3k;Taxes/fees$9k)Down Payment: $19.2k (20%)Purchase Price: $84kSeller Carry: $12kSeller would walk away with $72K in the bank and the $12k carry + a nominal interest would be paid back in 3-5 years.In the end after paying the back taxes and doing some minor repairs I would be able to walk away with only a few thousand dollars out of pocket to own the place.

The nominal fee charged is in no way related to the wealth of real information that is recorded.

You're getting a nominal return and you aren't really growing much.You're better off sticking it in a mutual fund if you're really that risk averse.

Hit them with 3 options.1.All cash quick close lowest price.Lower than the 2,000 per acre now.Tell them the market has gone down further and you would have to stretch for the all cash. 2.Bank finance with a seller carrying a second and you putting a nominal amount down equals a slightly higher price.3.

Usually, the borrower has to file for a redemption certificate with the county for a nominal fee.

MAybe there is more to it..ChrisThe small dollar amount transfers are sometimes called nominal.

Jerry,If you want to retain the property just get a private mortgage, my title co. in PA draws up a note & mortgage for me on a regular basis for a nominal fee.

I’d refuse it or at least figure out some way to pay him a nominal amount only if you pull out.

Find a good General Contractor and pay him a nominal fee ($50 or so) to come out an give you a full estimate for rehab.