A client agreed to sell his home for $700,000.00, but the buyer has only $100,000.00 to put down and wants to close quickly. The buyer has another home outside of Florida, up for sale, with a lot of equity. We discussed seller financing wherein the mortgage will be on both the Florida home and the out of state house. We will keep it a short term note and mortgage, protecting the seller if the buyer defaults.
Mitch
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