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).
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