Guest Nikkicorrell Report post Posted December 22, 2016 My fiancee and I are attempting to buy a house in Flushing, Mi. It previously sold for around $270,000. Our offer of $102,500 was accepted and we were preparing to close. A few weeks ago, our mortgage officer contacted us to let us know that there were some issues and that we could not proceed with the mortgage at this time. It should take us about 6 to 8 months to correct the issues in order to obtain the mortgage. In the meantime, we are searching for someone who might be able to help us. We need no money out of pocket, just someone who is willing to take out the mortgage, and immediately sell the property to us on land contract with a 6 to 12 month balloon. The listing is cash or 203K only, and we estimate the total amount with repairs included at $130,000. We would be willing to purchase the home on land contract immediately for $140,000 -$145,000. In other words, we're willing to offer $10,000 - $15,000 and we don't actually need to borrow any money from you, we just need someone who can get approved for a small mortgage and we would refinance in our names in approximately 6 -8 months. We are also in a time crunch, as our contract expires on the 28th . Please contact me if you might be able to help. Thanks! Share this post Link to post Share on other sites
MichaelC 160 Report post Posted December 22, 2016 Have you tried offering the homeowner a lease option offer? It could be the perfect solution as it gives you the needed time to get your financing in place, while securing the house you want at the agreed to price. Share this post Link to post Share on other sites
Jamesnet 0 Report post Posted March 1, 2017 Hello Friends, I want to do classified submission for the real estate website, can you please share some tips on what all things should be considered while writing a classified ad? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted March 1, 2017 Can you be more specific? What website? What type of ad? Share this post Link to post Share on other sites