Posted by dewCO on November 08, 2000 at 23:05:02:
Try this on the cash flow forum part of this site.
creating note for max resale value - Posted by chan lipscomb
Posted by chan lipscomb on November 07, 2000 at 14:58:58:
i am getting ready to sell a house. i have a $50K first mortgage that i am going to wrap. the house appraised at $96, that will be my asking price. i would like some input on what i can do to make my wrap bring top dollar. i assume i should pull credit on the buyers, any guidelines on what i should look for as far as credit scores, etc? does the amortization have a big effect on value? balloon? i am planning on marketing at 10% down and 9.9% interest. should i carry back a 5% second so that the first i am selling is 85% ltv? any other tips would be appreciated.
chan