Check out this creative finance deal! We are offering a subject to on this property. The house is 1 bedroom, 1 bathroom, 812 sqft with a 1 car garage. Possible to turn into a 2 bedroom with some reconfiguring. Mechanicals are in good shape (furnace, AC, & hot water heater). The roof and foundation also appear to be in good shape.
Rehab: Property will need a new electrical panel, paint, flooring, and light fixtures.
Subject to allows you as the buyer to assume the mortgage on the sellers original terms/credit without accessing your own financing or credit.
Remaining Mortgage: $29,802.32
Current Monthly Mortgage: $362
Currently behind & due upon closing: $5,045 past due + $5,000 Assignment Fee to HHI= purchase price $10,045