Posted by F. Hill If that is the case anything after 1989 you need to use the lease option? and then wrap the lease option? Also, how does it work if you wrap the lease option for your new buyer and your original option is let's say for 3 years and you give it to you new buyer for 3 years. Do i they purchase the property and they turn around and sell it to the new buyer after that 3 years and do a double closing? Sorry my questions are a little bit wordy.
on 5/25/2004, 5:20 am
216.28.103.73
Good morning George,
i have recently ordered your creative financing book along with the insider secrets. Are u saying that if the loan was not made on the home before 1989 that it is not assumeable?
Thanks for your help.
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