Posted by James Harris on July 10, 2002 at 09:52:24:
If your buyer goes to a lending institute to borrow the money; typically the buyer may have to come up with 20% of the purchase price before most banks would even consider doing the loan. This process could take months. A note investor/broker does not have the same criteria as a bank, so the process may only take a few days. Yet, all have a point system or yeild spread to charge.