What is the name of your state? GA
Right now, my wife and I are looking to sell our home and we have a potential buyer but he wants to lease purchase with option to buy. I'm new to this so any FYI would be helpful.
This potential buyer wants to rent this house for six months then buy it outright. The problem I can foresee is that I still have a mortgage on this house. Do mortgage companies (my's Chase Mortgage) allow this?
The reason the buyer wants six months then buy it is because he's going thru a divorce and he said that if he buys my house now (which he wants to) he would be forced to sell it again in his divorce settlement (which he doesn't want to).
What are my options on this?
Thanks for all your help!