Posted by Bud Branstetter on October 17, 1998 at 15:55:18:
A question comes to mind. Why not refinance the whole property? Yes the second note could be refi’d with a mortgage or another note. The values and such will depend on the value of the property, your payment history and the loan to value on the property. If you want a particular number you can email me particulars and I can give you numbers.