Posted by SJ on August 29, 2011 at 21:15:28 from (50.48.125.22):
Anyone one ever held a partial mortgage on a home sale?I did once on my last sale 14yrs. ago for 4K.Got about 3-4 payments and that was it.Figured sooner or later house would be bought and mortgage held was legally recorded in county and somebody would have too pay me my money to get a clear title.Yeah right keep dreaming.Now I have a chance to sell existing home and hold a 30k mortgage for 2yrs.with 100k up front.If I even considered this offer what are the advantages and pitfalls.I know I can run all this through my lawyer,but I was looking for some personal opinions or anybody that has done this type of transaction.
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Today's Featured Article - When Push Comes to Shove - by Dave Patterson. When I was a “kid” (still am to a deree) about two I guess, my parents couldn’t find me one day. They were horrified (we lived by the railroad), my mother thought the worst: "He’s been run over by a train, he’s gone forever!" Where did they find me? Perched up on the seat of the tractor. I’d probably plowed about 3000 acres (in my head anyway) by the time they found me. This is where my love for tractors started and has only gotten worse in my tender 50 yrs on this “green planet”. I’m par
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