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Updated almost 16 years ago on . Most recent reply

User Stats

213
Posts
12
Votes
Daniel Hart
  • Investor
  • Charlotte, NC
12
Votes |
213
Posts

Do you ever sell deeds back to homeowners?

Daniel Hart
  • Investor
  • Charlotte, NC
Posted

I am trying to develop a packet to send to former owners of property that I have purchased at auction. I am giving them an opportunity to buy the deed back from me for a reasonable amount. I will even finance that amount for them.

I was wondering if anyone has any documents or templates that I could work from to get an idea to start with. I am having trouble coming up with enough paperwork to make it look like I am a legitimate operation, and not some scammer. Any ideas?

Most Popular Reply

User Stats

13,453
Posts
8,355
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,355
Votes |
13,453
Posts
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Here's the fundamental problem with what you suggest: The former owner was unable to afford that house before (otherwise they would not have lost it), so what do you think has changed so that they can now afford to get that house from you? Unless their financial situation somehow improved, or unless you are looking to operate as a non-profit ...

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