Ideas for Selling Back to Former Owner
I recently bought a REO from a hedge fund.
The former owner has contacted us and indicated that she would like to stay. she has the usual hard luck story. Lost her job, now working for less money etc.
Looking at the numbers, I can seek this to her with a payment that is half what it used to be and still make a very nice return.
To do this I need to find a RMLO in Wisconsin that can qualify her for the loan.
Does anyone know if Wisconsin does Land Contracts / Contracts for Deed? If she does qualify I don't want to have her default on the new loan and ave to go through a long FC.
If anyone has a local resource for RMLO / Land Contract please send me a PM.
Any other ideas o how I can make this work with minimal risk would b greatly appreciated.