As a seller in a l/o do you need to get the t/b pre-qual so that in 2 years he would be able to purchase? Is that even the sellers concern at the beginning of a l/0 deal? ~Chantelle
That's the lessee's responsibility. You offer them the opportunity to buy. You don't guarantee that they will/can buy.
Having said that. There are investor who want to sell their property. They send the t/b to a loan officer for consultation and/or credit repair so that in a couple of years they may be able to buy.
That's the lessee's responsibility. You offer them the opportunity to buy. You don't guarantee that they will/can buy.
Having said that. There are investor who want to sell their property. They send the t/b to a loan officer for consultation and/or credit repair so that in a couple of years they may be able to buy.