Posted by Terry GA on April 26, 2002 at 21:27:19:
If you are going to offer Non Market financing then you need to get a non market sales price… I have heard noting but bad stories from investors who have delt with anyone who has filed for chapeter 13 or 7. I have been told to stay away from them. BUT, You may put in your contract a 5 or 6 year call, or a Bankruptcy exclusion. Just for your deal. I do not know if this will work But, what if?
You could do a Lease Option that is amertized just like a mortgage and give them a equity deed.