Posted by James Strange on January 10, 2003 at 02:42:13:
Have you made the payments on time for the last 18 months? Can you show the cancelled checks?
Have you made more mistakes in the last 18 months?
refinance a owner finance - Posted by Brandon Morris
Posted by Brandon Morris on January 10, 2003 at 01:11:41:
I need help…
17 months ago I purchased a home which I’m living in via owner finance with an 18 month balloon…well next month is the balloon…purchased it this way because of credit.
Anyway, we are trying to take care of the credit…actually, we owe I think about 1000 dollars total now to old debts (kids make dumb mistakes)…
Well, we need more time and the owner is not interested in refinancing but doesn’t need the house…she lives out of state and recently lost her husband to cancer. Nice lady but wants clear of the house…
HELP please…
Brandon Morris
Re: You might want to - Posted by Ed Copp
Posted by Ed Copp on January 10, 2003 at 15:50:47:
apply for a mortgage, like last month.
It is possible that you have built up some equity in the transaction and could get financing for the entire amount. You might even get an extra $1,000 for other bills. You will not know until you ask. If you don’t ask then the deal will go away. Good luck>