Having to add my daughter unto title

My buyer is so excited. His offer is accepted. It is a short sale. The listing agent’s lender runs a BPO and counters at $22K more. The buyer panics because he doesn’t have enough cash to cover all the expenses. You see my buyer has no job and doesn’t qualify for a line of credit. It sure sounds like all is lost. However, buyer has a single daughter, 22 yrs old fully employed for 5 1/2 years with no credit. We find the both of them a private money loan with the contingencies that the daughter’s name is put on title.
After all paperwork is completed and agreed upon by both buyer and seller the deal closes escrow in about 36 days. When the impossible is possible.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s