note on land question - Posted by George

Posted by Michael Morrongiello on February 08, 2001 at 16:40:01:

This type of collateral that serves for repayment of the contract for deed would be considered an “improved land lot” type collateral.

Generally there would be a limitation on the amount of funding exposure limited to somewhere in the 60% -65% +/- of sales price or value range. So that (CFD) Contract for deed probably could be sold either on a FULL BUY basis or as a PARTIAL with you holding on to a very small “residual” or remainderman interest in the CFD.

If you need assistance contact me.

To Your success,
Michael Morrongiello

note on land question - Posted by George

Posted by George on February 08, 2001 at 13:23:41:

Where can a I find buyers for these kind of contracts?


1 $7,000 (Appraisal) lot in Florida (residential area, paved streets, electicity, phone, etc.)

2 $6,000 balance, 13.5 %, 6 years.

Brand new land contract. No seasoning. Buyer paid $1,000 down.

Is it possible to sell it? the whole contract? Part of it?