selling using subject to
i have a lender that would refinance buyers up to 90% of my selling price. how would go about selling(transfering tittle) the property to them so would qualify for refinance and protect myself at the same time?
thanks for any suggestion and sources of information in advace. mark
Why does it have to be a refinance for a 90% loan? With a 10% down, and a decent credit score (550-600) most mortgage brokers should be able to finance a purchase, not refi.
If your sellers lack a down, and your comfortable with the risk offer a 2nd on the property. You'll still get your asking price and interest to boot. Good luck
Roger