Can I Lease Option or Sub 2??
Hi Guys, I have a owner that wants me to take over her payments. She is 6 months behind ($3,785.98 approximately)with a notice if default included in her last statement. She intends on letting the property go into foreclosure whether I take over payments or not. According to her statement she now owes $86,609.68. Her payments are $612.00 piti and the house is located in Georgia. She has taken excellent care of the house and it is move in ready. Just needs to be broom swept then its good to go. Chase has the note and they are estimating that the market value is between 68k-78k. The owner is fine with leaving the loan in her name and me putting a owner occupant in the house. I just need to see if there is anything here I can do. All help is greatly appreciated.