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Updated about 8 years ago on . Most recent reply

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11
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Michael Merrill
  • Investor
  • Gilbert, AZ
0
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11
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Client Can be the only one to payoff bank How Can I structure it

Michael Merrill
  • Investor
  • Gilbert, AZ
Posted

I Have a Client in Arizona that has a house that she received when her god father past away. it is in foreclose and has an auction date of 4/18/17. the bank has given her the option to buy the home if she pays the reaming balance if full. But she can be the only one that can purchase it at that amount. she can't qualify for a loan nor does she have the cash. a friend of her's knew i just flipped a house and reached out to me to help her. I don't wholesale but still want to help her out. how can i structure a deal that can buy out the bank and then transfer the home to someone else?

any thoughts would be greatly appreciated

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