If it is the first mortgage go for it.if it is the second mortgage don't touch it. There is no such thing as a parchal mortgage it should be a mortgage regardless of how much they pay down that is just a down payment it is 10% or 80%. wether. You hold the first mortgage they pay 100,000 down the rest to be paid every once a month. if they go over 30 days you can file fore closer. Second mortgages aren't worth the paper they are written on. If the place is sold on the court house steps they get a clear deed. dont ask me how I know but I am about 10,000 short of what my life time income chould have been was an a costley lesion. Will not do that trick again an the guy that pulled the trick was supposed to be one of my best friends.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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