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 - 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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