Taxes and default protection for a seller - Posted by Eddie

Posted by William Bronchick on January 29, 2002 at 09:21:46:

If you are willing to put up this much, call it a additional down payment and hold it in escrow. If you are not, make prepaid principal payments, reducing your interest due on the note.

Taxes and default protection for a seller - Posted by Eddie

Posted by Eddie on January 25, 2002 at 23:14:57:

Commercial property seller will finance with 30,000 down. Wants 50,000 accessible to him in case of a default in my name. He is doing this for tax purposes- wants a tenant-free paycheck. Question: How can I make this happen and keep him happy?