Help Structure a Deal

[Rommel Pascual]

My aunt wants to sell her house but doesn't want to sell conventionally and potentially loose most of her equity in real estate fees. She know I have bought and rented out properties and thought I can structure a deal that is beneficial for both of us. I have suggested quit claiming the property over to me and I'll take over payment but she wanted the mortgage completely out of her name. She is willing to take $40,000 in cash but still owes $125,000. The townhouse according to zillow is a little over $200,000. I can give her the $40,000 cash but I don't know how I can get around into moving the mortgage into my name. Any suggestions or advice?

[Jonathan Greene]

Look up Pace Morby and compare subject-to and seller financing. Both will work in this case.