We'll help you find the right solution for your needs
Does this sound like your topic?
My house is underwater and I lost my job . I know a construction guy who would like to rehab / upgrade / flip the house but a short sale will take months ( based on local RE history ) and tie up a lot of his credit for the process . I was thinking I could sell him ( say for $ 5000 ) the right - to - sell ( and manage ) my house ( creating a power of atty and a contract of conditions ) but I would still be the mortgage holder until he sold the house . He invests in the rehab and keeps the profits and I don't get my savings and my credit wiped out . Any legal pitfalls ( besides needing to write a good contract of course ) ? ? ?BTW, I have an FHA 30yr Fixed mortgage that is 8 years old.
LLC (limited liability company) Credit Lien Property Buyer's rights in property sales Real estate buy and sell agreements Property title Real estate finances Foreclosure Avoiding property foreclosure Short sales Home mortgage Real estate Real property ownership Power of attorney Purchasing a house