Posted by Happy on November 18, 1999 at 09:43:08:
I bought a property last week for 50% below FMV. I have a person intrested in the property before I have even started to do repairs. How could I sell the property without bank financing. I am intrested in holding the finance with 4% downpayment, U-Fix it. Do I need to go back to the Title Company to close? and pay all the closing fees and title insurance? I have heard about selling “Deed contract?”, “Land Contract”. How could I avoid recording fees, transfer tax fees, and Title Insurance?
I have Bill’s ‘Lease Purchase Program’ but it dosen’t cover selling on contract (deed, or land).
Thank you all. Looking forward to the 2000 convention.
Happy