Updated over 9 years ago on . Most recent reply
Question about "private" mortgage
Disclaimer: I'm new-ish to the real estate industry, and not dealing with the aspect that's usually dealt with in this forum, so forgive my ignorance.
I purchased a property at sherrif's auction (not my first). Owner has a family and put a lot into the house and would like to stay there if he can. So far he seems reasonable. He went through bankruptcy but has a steady job. Is there any type of public or private mortgage that he'd be able to get? I'd be willing to take less profit on this, as I wouldn't have to fix or hold. If yes, I'd appreciate any info to point him in that direction. TIA