New Financing For Sub2 Sellers
I have a house that the couple is moving due to job transfer and needs to sell thier quickly. They are looking to buy a new house when they move. Can anyone give me any advice on if and how they can get financing for a new house if they deed their existing house to me?
Their mortgage broker will want to see a lease or contract so that the new buyer debt to income goes down. Its not immpossible for the sellers to get financing but it is a possible hurdle.