Working with a very motivated Seller on my first L/H Deal.
The Seller does not own the home. She has a lease with an option to buy. She claims to owe about 32K on the home.
If I decide to buy this property, the Seller will need significant funds from me to exercise her option so she can transfer title to me.
I am not sure how structure this transaction so that it is safe and legal. How do I safely give her money to close with him so she can close with me? I’ve done Lonnie’s, but the only real estate I’ve ever bought was my personal residence via a buyers agent. Real estate is new territory for me!
Any advice or direction to resources that would help me out would be greatly appreciated!
Thanks in advance,
Andy (NC)