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I have a buyer who is interested in purchasing my home. It is a double wide and he is financed for $160,000.00 thru a bank.
The property was appraised for 194,000.00 in June of 08.
He just sold his home and needs to be out in 30 days.
He recently went thru a divorce that set him back 10,000.00 in fees and his credit is in the low 600's.


How can I sell him my home with owner financing, lease option, or carring a second within the legal guidelines.

I am also willing to come down some on the price.

Thanks in advance

Tim

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If he's only approved for $160K, but you want $194K, sell it to him for your full asking price, but take back a note for the $34K balance.

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