Posted by James Davis on October 26, 1998 at 14:09:57:
Kamal I think I can be of help have a program that will cash owner out if the buyer has a Beacon score of about 500 points and can get the owner all the cash they need. In your example it does not look like the buyer is putting 5% down which will offset the numbers
a little.In order to get the most for your most buyer’s of notes like to 5% down unless they have great credit(even than some still won’t buy with no $$ dwn).
Help!Note structure - Posted by Kamal
Posted by Kamal on October 24, 1998 at 19:42:37:
Can a note be structured for the full purchase price of a house? I would like to have the names and phone numbers of funding sources
Example:
Sale price of a house $100,000
Face value of the note ($the quote from funding source)
Down payment $5,000
Second $The difference between sale price
and the total of quote and the down
payment
So, if we add the amount of the quote from funding source and down payment and second that should equal the sale price of $100,000
any input will be appreciated
Thanks
Re: Help!Note structure - Posted by Bud Branstetter
Posted by Bud Branstetter on October 27, 1998 at 08:26:06:
Suggest to see Direct Connect under products at the Noteworthy site http://www.slip.net/~jrichard/
Your example does not follow your question. But the simple answer is yes you can structure a note for the full purchase price of the house.