Re/max Real Estate (Mountain View)
Karla Lausen, Re/max Real Estate (Mountain View)Phone: (403) 819-1568
Email: [email protected]
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listing
1 of 26
Single FamilyFor Sale
$29,900
6843 Temple Drive NE
Calgary, AB T1Y 5E7
Courtesy of Royal Lepage Benchmark
MLS: Pillar9
4Beds
3Baths

PLEASE READ IN FULL BEFORE CALLING !!!! Selling a half equity stake in this property. YOU WILL NOT GET POSSESSION... YOU WILL NOT BE MOVING IN WITH CURRENT OWNER. Here is the math. Last known amount owing on CIBC mortgage was 230K. Current Value of home in its current condition would be about 350. Therefore... equity in house is approx. 350-230=120K. We are selling half of this equity for only 29,900. Renovated value on this home would easily be 400K. Owner is an unwilling seller with a debt owing to another financial institution other than the mortgage holder. You would then own half the equity... so a value of about 60K for only 30K ask. You would then register your lien and interest on title and wait it out... wait for the current owner to sell or go into default... you are on title then you swoop in and pay out the mortgage and have a whole house for balance owing on mortgage plus whatever you buy this for. You park some money here for a future profit. For a very clear understanding of what you are buying.. text us for a copy of the offer to purchase.

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Information courtesy of Royal Lepage Benchmark is subject to verification and is not guaranteed.