Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Jul 2017 |
Last Sign in: | 212 Weeks Ago |
Questions Answered: | 15833 |
Tutorials Posted: | 15827 |
MBA,PHD, Juris Doctor
Strayer,Devery,Harvard University
Mar-1995 - Mar-2002
Manager Planning
WalMart
Mar-2001 - Feb-2009
You have a seller/client who is considering doing seller financing. The property has an existing mortgage which has a balance of $400,000.00”. The FMV of the property is now $250,000.00. The existing mortgage has the traditional due on sale clause and the lender has indicated that they will not entertain a short sale. What recommendations would you have for the seller/ client as to how the transaction might be structured for a seller finance transaction? Now assume that you are the broker for the seller- what opportunities does this present for you as a broker?
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