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re: Bond for deed
Posted on 5/22/11 at 2:42 pm to Chad504boy
Posted on 5/22/11 at 2:42 pm to Chad504boy
OK, I countered with 283 K and no contingency (on them selling their ski condo). They said yes at 283 but 50k now and 50k in 6 months. So basically I get an extra 18K for waiting 6 months on the second 50k. also if they default on the second 50 K I keep the first 50. So worse case I basically rent the place out for 6 months at about 9600 a month. Am I missing something?
And TIA
And TIA
This post was edited on 5/22/11 at 2:44 pm
1
Posted on 5/22/11 at 3:10 pm to Wilbon
I don't know why they want to do this. It seems too good to be true. Maybe they just want to keep a loan off their credit report. You should ask them up front why they want this system in a non interrogative way.
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