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Old 01-27-2003, 10:38 AM
sdr267
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What is possible?

What is the name of your state? FL

I have a rental property that I currently owe 44,000.00. Rentor would like to buy home, however she has some credit related problems. I know that a lease/Option can be arranged, but will I still be liable for repairs etc?

I would like to be from under the home, how can I be removed as owner of home but yet still pay original lender (My mortgage). Could I hold a mortgage somehow. Don't have money to pay off original mortgage, but would like to help the rentor of property have home. She has been a good tenant.
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Old 01-27-2003, 09:02 PM
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Re: What is possible?

[quote]Originally posted by sdr267
[b]What is the name of your state? FL

I have a rental property that I currently owe 44,000.00. Rentor would like to buy home, however she has some credit related problems. I know that a lease/Option can be arranged, but will I still be liable for repairs etc?

**A: yes, since you will still be the legal owner.
**************

I would like to be from under the home, how can I be removed as owner of home but yet still pay original lender (My mortgage).

**A: sell it via conventional sale methods.
*************

Could I hold a mortgage somehow. Don't have money to pay off original mortgage, but would like to help the rentor of property have home. She has been a good tenant.

**A: that's nice but you are not Santa Claus.
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