Posted by Michael Morrongiello on November 08, 2000 at 18:09:30:
We just did a deal where the property seller took back a 1st lien “purchase money trust deed & note” not on the sellers property that she was selling but on another property we owned.
It is very well secured and represented adequate value and security for the seller. The seller insisted on having the property appraised and wanted to inspect it herself. Should the seller wish to convert this purchase money trust deed and note that they are carrying to a CASH lump sum instead of collecting the interest and payments, they can accomplish this as well through its sale.
We can help you make the same type of deal happen especially if your seller wants CASH rather than income from the note and trust deed.
To your success,