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Old 11-14-2005, 08:01 PM
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Default NC Lease Option with Tenant for sale by owner

Good deal in NC.

4 bed / 2 bath built in 2004. Excellent Condition. This is a pre-fab
home. The value in November was approx. 120k based on market evaluation
from MLS Comps/ loan balance is 108k and a lease option tenant is in
there on a 1 year lease to purchase for 135k.

Tenant Pays $750 monthly plus $200 towards purchase price.
We would like $10,000 cash you take over payments. The house is set up
in a land trust and you would be the beneficairy to the land trust. You
can refinance anytime to take out some cash.

Principle, Interest, insurance, taxes are all escrowed. The payment a
month for you is $750.

Location: Lillington, NC
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