Posted by Michael Morrongiello on December 21, 2003 at 21:48:25:
Bill:
There is an “art” in structuring owner financed “paper” as it is not just science. The dynamic interaction of the following variables will help in formulating an optimun structure of an owner financed Note that is being set up for possible sale…
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Type of collateral involved
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Use and occupancy of property
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Buyers cash down payment
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Prospective Buyers overall credit profile
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Buyers credit scores
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Buyers employment and stability
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Condition,location, and upkeep of property and the overall area…
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Finally the actual repayment terms of the owner financed Note or “Paper” to be taken back by the property seller…
Its funny you should ask about this because there is a wonderful FREE REPORT titled; “Creating Marketable Notes” that is available at;
http://www.sunvestinc.com/register.htm
Hope the above is of some help…
To your success,
Michael Morrongiello