All About jthompsonassoc

Jeff Thompson

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New Home

I am a builder and have a model home that the lender wants sold by October 1. I have signed a voluntary foreclosure agreement that would start on Oct. 1 The lender would take 250,000
and the lumber company has second position at 75,000 the home should appraise at about 340,000 to 350,000. I have someone that would do a rent to own with about 3,000 down and a payment that they can afford is about 1500 to 1600 a month. Any ideas on how to refinance. My thought is to do a appraisal take out the construction loan, give the lumber company a second mortgage or make the a partner. I am looking for any ideas.