Things have gone pear shaped and we need to sell our only property.
It is currently our home and we would like to keep it that way ( as tennants after selling ).
Current valuation $250,000
Amount owing $196,000
Plan A.
Sell to our oldest daughter.
The catch...she has no available cash.
We would sell to her at say $200,000
Is there any way she can borrow to buy us out WITHOUT having
any upfront cash ( for LMI, Stamp Duty and all other fees and charges ) ???
Plan B.
Let the wolves tear us to pieces.
It is currently our home and we would like to keep it that way ( as tennants after selling ).
Current valuation $250,000
Amount owing $196,000
Plan A.
Sell to our oldest daughter.
The catch...she has no available cash.
We would sell to her at say $200,000
Is there any way she can borrow to buy us out WITHOUT having
any upfront cash ( for LMI, Stamp Duty and all other fees and charges ) ???
Plan B.
Let the wolves tear us to pieces.