Well, when was the appraisal done, as appraisals do have a shelf life. If the appraisal is more than a year old, it is not worth the paper it is written on.
Your post is very complex, although you seem to have it all figured out in your mind. Investors are interested in CAP rate, how much it will make them. That a realtor stole 20k from you seems strange. Attorneys fees and closing costs are typical to be put into a loan. You can't ';gift'; a deed, you have issues to settle on who holds the note. And you are speculating on how much equity will be available.
You have so many things going on here, and you are running on speculation of what the market will do. You should offer the property for sale and take your chances. Do a FSBO, this sounds right up your alley.How to get a possible investor/buyer to take possession of my home %26amp; pay the mortgage until they can sell?
You may consider doing a FSBO offering where you offer
';rent-to-own'; terms structured initially with a reasonable down payment and monthly rental payments sufficient to cover your mortgage. Schedule a one year ';balloon';.
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It sounds like you want someone to assume your mortgage. I'm a mortgage broker from Edmonton, Alberta. here home owners can let a buyer assume there mortgage, which basically means they buy the equity in the home. Don't know if this is an option where you live, but it sounds like this is what you want
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