Established Member
Posts: 21
Registered: ‎05-22-2008
Re: Can an individual report to credit bureau

Yes, they want repaid for the amount they're putting into it. The deal is pretty much going to be.

$80,000 (purchase price) + $4,500approx (the amount of money over $10,000 they are putting for a down payment), + any initial repair costs (the house needs a new window, and some shingles replaced)

 

Every month I will be responsible for the mortgage payment (and tax and insurance). So after I can get approved for a mortgage myself, the purchase price of the home will be the total amount above less any money that I've already put into the house.

 

I hope that makes since


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