Creating Creative Transactions

has anyone heard of this type of transaction. i have a motivated seller and they are willing to take a second because they are in forclosure now this would take care of the down payment but will a lender accept this type of deal.all i need is a 12-24month loan

Comments(1)

  • pburden16th September, 2003

    yes, its called a seller held second mortgage. just make sure that the lender will allow it.

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