Do I get a good deal?
I bought a 1 / 1 Condo Conversion (626 square feet) in a beautiful wildlife preserve with short tennis, closed, gym, trails, swimming pool, condo — absolutely gorgeous for the price ($ 99.900). But I think the words suck. The terms: 0 down paid $ 7,785 in total closing costs on the two mortgages (80/20 to avoid mortgage insurance) Locked in a 6.5% 80000 Death. and floating rate loan of 10% in the second death to $ 20,000. I did my best to negotiate the terms. But the cost of the condominium was priced very well. All other comparable area condo price $ 150K for one bed condo 1 / 1 bathroom. Mine is much better than most other condominiums. Or I have to wonder about the total price of $ 99.900 … but I started in th closing costs. Is this a good deal? Thus to obtain an advantage that could sell my apartment for 107,000 dollars to get my closing costs. They say location, location, location, and certainly on target in place, but not the terms. What do you think?
Their situation is pretty standard and average closing costs. If you have credit suitable, you can see if you can refinance the second in six months – is one percent quarter above the current rate.
Foreclosure Short Sale – Mortgage Bank Approved Sales Process – RealEstateMarketingThisweek.com