Asked by Airahcaz, Glen Rock, NJ • Wed Aug 13, 2008
buyer at the lower amount, but you'll need a loan to make up the difference. For example, mortgage amount is 200K, house selling for 100K at market value. Could there be an arrangement where the buyer would loan you the money in order to close and you would pay that pack to him or her with interest like a regular loan, or could a third party or the existing mortgage company do so?
Real Estate in New York
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