Confused on the "Subject to's" back-end $
Ok, I understand that you pick-up the dwn pymt as the front-end $ and you get a monthly spread from raising the int. rt. but how do you get the payment on the back-end....I'm thinking when the buyer re-fi's for the original amount offered from me that the difference from the amount offered and the payoff is my back-end $, is this correct and if not please set me straight on this one.
Thanks, Clif 
You got it.