What is the best way to proceed here?
Treat this transaction with full rigor and don't be making arbitrary concessions just because you know them.
Because it opens a normal vanilla transaction to deviations and exceptions that if they don't pan out can cause all sorts of legal and financial hurt to one or both sides.Why not?
If they have been good tenants and you have plenty of money and they have not, there is no harm in giving them a small discount.
Brendan
It's a question of degree.Because it opens a normal vanilla transaction to deviations and exceptions that if they don't pan out can cause all sorts of legal and financial hurt to one or both sides.
the point I'm driving at it to treat it with full process rigor as you would with a stranger.
I would of thought they get whatever equity they have built up as there shareIf they take over your mortgage, you walk away from the house with nothing?!
Hardly. This would be a purchase with equity divided across the bank & current owner.If they take over your mortgage, you walk away from the house with nothing?!
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