Archive for the ‘Mortgage Questions’ Category

Seller Financing?

Saturday, December 3rd, 2011

Question by VeryFunnie: Seller Financing? I saw a house for sale by owner on craigslist. The owner has been trying to sell the house for 4 months due to job transfer. The house is basically brand new (Jan. 2007). He only has $ 9,000 in his equity. The agreement (we haven’t sign the papers yet) [...]

How do I give my house to a relative?

Wednesday, November 30th, 2011

Question by JRU: How do I give my house to a relative? I had 2 mortgages on the house. The first was an interest only fixed rate mortgage and the other was a home equity loan. At the time, the house was worth a lot more then I borrowed, so I had the ability to [...]