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mbt711
Registered User
Last Activity: 04-05-2019, 10:03 AM
Joined: 12-08-2018
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  • mbt711
    replied to Bond for deed with a real estate agent
    The best thing about it is you can get your property back within 45 days if they default. With minimal paperwork and no court order. It's MUCH easier and very different than owner financing. And the buyer is responsible for all repairs. So, as a seller, you really have no obligation other than you are...
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  • mbt711
    replied to Bond for deed with a real estate agent
    The thing is, I felt like I could settle all this within 6 months, as opposed to succumbing to a chapter 13 for 5 years.
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  • mbt711
    replied to Bond for deed with a real estate agent
    No, we never did file for bankruptcy. We have settled our debt totaling about $51, 000 for around $27,000. So, we are squeaking by. I know bankruptcy might be a better option, but I feel so controlled with someone in charge of me for the next 5 years. And now that the debt is gone, things are definitely...
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  • mbt711
    started a topic Bond for deed with a real estate agent

    Bond for deed with a real estate agent

    Thoughts and opinions please....

    My story is that we built a new house, also acquired a TON of medical bills, and our old house has been on the market for awhile.
    So, currently we are trying to keep up with 2 mortgages and sinking fast.

    My old house is listed for $134,000...
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