What is a "soft second" ? - Posted by jack _ark

Real Estate Investing
1

Posted by PBoone on June 07, 2000 at 18:04:14:

Second mortgage w/ no payments due until the land is either refinanced or sold to another party.
In our area, Portland Oregan, the “Development Commission” are selling houses using this same approach @ 12% accumulated interest.
Pat

2

What is a “soft second” ? - Posted by jack _ark

Posted by jack _ark on June 07, 2000 at 15:41:41:

a friend told me he was selling his lots to somebody for "200,000 with 20% soft seconds. " What does that mean ?

Sorry if i sound stupid.
Thanks,

-Jackson