Posted by Bryan-SactoCA on April 02, 2003 at 20:01:45:
I see your point. I’d hate to have to walk away from a MH because I couldn’t get cash. The $2k is extra money-all the essential expenses have already been covered by the insurance setlement and the $2k was left over. (A little background: Grandma gets inheritance in 2000, buys me a new car for $17k. Two years later, the car is totaled. The insurance settled for $10k, which went to replace Grandma’s old car and my car and do thorough checks of both replacement cars. $2k is left over.) The cash in the bank is earning .5% (yes, half a percent, says so on my statement) so it would get much better returns putting it in a Lonnie deal. And I have several emails from people interested in buying notes that I didn’t respond to because I was trying to do it without selling the note. I’ll reply to those people tonight (I apologize for the delay if they’re reading this).