Go To Mortgage 101

Return To Group Index

From: "TAPNET" 
Newsgroups: alt.invest.real-estate
Subject: Need Real Esate Investor
Date: Wed, 24 Oct 2007 17:07:19 GMT
Bytes: 1625

I have a purchase agreement with a new home builder on a 1900 sq ft house, 3 
bedroom, 2.5 baths, fully upgraded.  I have the price locked in since last 
spring at $451k CDN.

I put 10% down and I am having a difficult time selling my house to continue 
and make the draw payments.   The builder has extended my due date on the 
draw payments.

The house next door, very similar is for sale for $525k.   I believe that 
our house will be worth a little more than this in the spring.

I'm looking for an investor to make the draw payments ($405k) and when the 
house is completed we want to put it for sale and split the proceeds with 
the investor.

If anyone is interested please reply to: tapnet1 (AT) hotmail.com