buying a fixer property from elderly neighborI am looking to purchase a home. We have good credit and qualify for VA loan a side from that we have about $20,000 in savings. The neighbor right next door to my patents, whom I have know for 20+ years is a old vet who lives alone and has no family. His house has gotten pretty run down, last 4th of July party of the old shake roof caught fire, and he is a bit of hoarder. He has since moved in with another neighbor, leaving his house looking abandoned. I offered to buy it from him, I wasn't too optimistic but today he mentioned that he was thinking about it and offered a owner financing since he owns his home free and clear. He mentioned a down payment, beside that, I don't see what he would benefit from that. If I were him I would want the whole amount up front, getting a bit every month wouldn't help him much. I don't want to take advantage of him. In the long run, I would be getting a good deal on a house, but a lot of money would have to go in to fixing up that house. I would rather have him give me a lower price than owner financing, since we do qualify for the loan. Plus what would happen if he happen to died before we pay off the house?May 18 2014 - Los Angeles00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.