Member
Joined: 2012-01-09
Points: 19
Offline
Name:
Chris Manley
Location:
near Birmingham, Al
About Me:
I am looking to buy my first home. Bad credit. I will have a income tax refund to maybe put down payment on a home.
Interests:
I enjoy spending time with kids, swimming and anything involving Alabama Football.
newbe
I have question that I hope someone could answer. I know someone who owns a house and is currently renting it out for $900/mth. He said he wants to sell it for what he owes but current renters cant get financing. He wants to sell house for $30,000 (payoff). He says it appraised for $85,000 and if I went to bank and give them $10,000 they would probably loan me $60,000 on the house. I would like to keep current renters in house and clear some cash for me a down payment on a house of my own. What would some of you suggest in this situation?
Thanks Chris