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George Maka
  • Irvine, CA
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Finance structure to help them buy new house?

George Maka
  • Irvine, CA
Posted Mar 27 2014, 21:17

I have a motivated seller that has a house of worth $600k and and owes about 300k on it. They're an old couple and they're hoping to sell it for 600k, take their gains and buy a house outright with no mortgage in a cheaper area up north.

Other than paying the 600k, how can I structure this where I can take ownership of their home, but still allow them to take their equity and buy a house?

Thanks,

George

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