Hi there
I have another friend in need. I suggested asking "you" for help. Any creative suggestions for this (taken straight from her email) :
"3x2x2 duplex unit in Hervey Bay
Arrears of $15k, bank have given them a 2 week deadline to clear or they will take possession.
The property held in a trust.
Query: can the beneficiaries of the trust be transferred & a new purchaser come in with $20k to cover the arrears & legal’s to transfer the trust beneficiary? Thus vendor finance will take place with the new owner having purchased a property for the $20k & maintaining the mortgage thereafter?"
That suggestion seems too easy to me. Possible? Thoughts?
Thank you very much.
I have another friend in need. I suggested asking "you" for help. Any creative suggestions for this (taken straight from her email) :
"3x2x2 duplex unit in Hervey Bay
Arrears of $15k, bank have given them a 2 week deadline to clear or they will take possession.
The property held in a trust.
Query: can the beneficiaries of the trust be transferred & a new purchaser come in with $20k to cover the arrears & legal’s to transfer the trust beneficiary? Thus vendor finance will take place with the new owner having purchased a property for the $20k & maintaining the mortgage thereafter?"
That suggestion seems too easy to me. Possible? Thoughts?
Thank you very much.