Re: Why wouldn’t you do it? - Posted by Francis M
Posted by Francis M on October 24, 2000 at 23:54:19:
Ever hear of “Owner Financing”? Ever hear of the “CYA Letter” that says I make no payments until I find an occupant? Ever hear of the saying “My house can be sold for more because I provide owner financing to my buyers”? And an appraiser will come in with that higher appraisal because I do in fact supply Owner Financing! Also the area this house is in, is in the fastest growing community in the State! The payments are current and I get in with $0.00 down! If you think that is not such a good deal, then you my friend don’t get the picture!
There is a lot of money to be made for people that can see beyond the surface of things. You obviously are happy with a bare minimum.
Let me know where those houses are that you spoke about. I’ll bet I can make some money on them!
Unless of course you have since changed your mind. Hmmmm
Also the comment that you hope I have a high paying job or a business with tons of cash to make the payments is stupid…\
Pat… I am never, I said NEVER personally liable for any loan that I take subject to! i do however pay them but if the bottom falls out I am protected because my name is nowhere on the records therefore no one ever knocks on Francis’ door for payments!
You’ll learn this someday perhaps!