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Updated over 12 years ago on . Most recent reply

User Stats

152
Posts
17
Votes
Mark Boek
  • Rental Property Investor
  • Greenwood, MO
17
Votes |
152
Posts

Moving an unemployed Seller

Mark Boek
  • Rental Property Investor
  • Greenwood, MO
Posted

I have a seller who is motivated to sell, but is unemployed and no family to move in with. He's been living in his deceased mother's home and the home has recently been put in his name with a quit claim deed from his sister who is out of state. The only hang-up at this point is providing a solution for where he can move without having income. He realizes it's going to catch up with him in a few months when the money to pay the existing HELOC runs out and it's foreclosed on.
Does anyone have any creative options you've used to help relocate someone with no income?

  • Mark Boek
  • Most Popular Reply

    User Stats

    21
    Posts
    9
    Votes
    Chris Gabriel
    • Real Estate Investor
    • El Cajon, CA
    9
    Votes |
    21
    Posts
    Chris Gabriel
    • Real Estate Investor
    • El Cajon, CA
    Replied

    Is he getting any cash from the sale? This would seem to solve the problem.

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