Hello,
I was wondering if a one could do some sort of a land contract on a commercial building (since it's not assumable?) as a way to avoid paying all of those fees for a new loan? And having the seller avoid the prepayment penalties thus being able to offer a lower price. Is this possible? Too risky?
Thanks!
I was wondering if a one could do some sort of a land contract on a commercial building (since it's not assumable?) as a way to avoid paying all of those fees for a new loan? And having the seller avoid the prepayment penalties thus being able to offer a lower price. Is this possible? Too risky?
Thanks!
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