Posted by Lloyd Cook, Los Angeles on February 03, 2002 at 21:05:05:
After taking a lake view house subject too, not asking for them to make the payments for any period of time and eventually loosing almost 20k on the deal (could not sell, lease/option or lease to save my life) I now find if very easy to simply ask or tell the seller to continue to make the payments on the property for several months. If they listed the house, they would make 3 or 6 more payments, if they stop making payments they ruin their credit. Just tell the seller they need to continue to make the payments or else you can?t help them. If that doesn?t work, you have a decision to make. Good luck.