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Updated over 10 years ago on . Most recent reply

User Stats

21
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1
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Lamonte Evans
  • Woodland Hills, CA
1
Votes |
21
Posts

Structure this deal BP

Lamonte Evans
  • Woodland Hills, CA
Posted

Hello All,

Heres the deal: 

I have a close friend who is currently playing in the NFL in another state and needs help. His grandmother who lives here in Southern Ca in a modest home needs to sell her home. She is behind on her mortgage payments 25k and still is still in preforeclosure. My friend would like to acquire the property before she is foreclosed on. The property needs about 50k in work done to it. How would you guys go about acquiring this property without have the "due on sale clause" put in effect? He has the means to bring the mortgage back current also.

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