This question is for the Hamden area real estate market. I currently own free and clear a two family house in Hamden. Bof A recently appraised it at
$180K ... I have cash for a down payment but do not have a reportable income stream to get a conventional mortgage. My credit score is 800.... my question is. Is there anyone out there who actually owns their house outright and would be willing to take back paper...
Answers (1)
FIRST ANSWER
There sure is... The problem is finding them!! Of course the ones who are able to do it, may not have a house you like... It is a tricky situation to pull off, to find a house you like and the seller is able to take back the note.. Even so the seller may be hesitant to take back the note if you don't have a reportable income stream...
Web Reference: http://www.carlguild.com
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Answered Fri Oct 17 2008, 06:58 by Frank Alvarado in 06514
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