This seller is another medical professional who was relocated and forced to sell after owning the house only 12 months. As they are ex-military they had a VA loan which had required only a small down payment; meaning there was no equity. They had been out of the house 60 days when we met. They already had made two payments on a house they had negative equity in, they weren’t living in, that wasn’t selling on the open market, that was costing them over $2500 per month and they needed relief.
The house didn’t need any work and we had a perfect tenant buyer in less than 45 days. This particular self-employed tenant buyer will need income seasoning but that’s all. They have already made several enhancements to the property and are well on their way to acquiring their own mortgage.
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Creative Property Solutions of the Southeast LLC
Kings Mountain, NC