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Posted by Michael Morrongiello on November 25, 2002 at 14:21:47:

In Reply to: Is this 2nd structure marketable? posted by Helen on November 10, 2002 at 16:37:47:

Helen:
Assuming you are working with a very MOTIVATED property seller who is willing to be flexible.

You can sell this home very readily to a "retail" buyer with as little as a 5% cash down payment, providing they will meet our firms Specifications regarding the seller financed "paper" that is created.

This "paper" (which would be a purchase money 1st lien position Note) can then be concurrently converted into a lump sum cash payout at the SAME time the property is sold.

You earn a profit for putting the deal together, and there is no need to mess with a 1st, 2nd, or 3rd lien loan.

Warmly,
Michael Morrongiello

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