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Innovative Strategies
HomeForumsInnovative StrategiesPersonal BK
Suzanna Lam's profile image
Suzanna Lam's profile image
Suzanna Lam
  • Real Estate Professional
  • from San Jose, CA
  • Member since Jun 3, 2009
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Suzanna Lam's profile image
Suzanna Lam's profile image
Suzanna Lam
  • Real Estate Professional
  • from San Jose, CA
  • Member since Jun 3, 2009
Connect
Suzanna Lam
  • Real Estate Professional
  • San Jose, CA
37
Votes |
45
Posts
Innovative Strategies

Personal BK

Suzanna Lam
  • Real Estate Professional
  • San Jose, CA
Posted May 2 2011, 12:18

Seller is separating from husband who's gonna file a personal BK soon. Both seller's and husband's names are on the deed and on the loan. LTV is 93%. Loan term is adjustable 1 year ARM. Monthly payment is $2,700 PITI. Looks like a sandwich lease option or could be sub2 and lease option. My dilemma is the imminent of husband's BK. Can I ask him to deed his interest over to his wife then do the sandwich lease option? Any other better options?

Suzanna

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