Posted by JohnK(CA) on April 09, 1999 at 19:01:53:
Judging from your questions, I think you could benefit from the "How To Articles’ at the begining of this web site. To answer your question, yes you could have the seller carry back a second TD and note/mortgage,in which case you would be responsible for paying both notes. If you gave the seller some cash, you would obviously reduce the amount of the note that the seller is carrying. Get it?
There are a lot of ways to do it hence, CREATIVE FINANCE. Keep reading and soon the light will go and you’ll say "Hey, I get it!!, I can do this!!!"