Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Live2Sail who wrote (86609)	8/22/2007 5:09:18 PM
From: Tradelite	Respond to of 306849

If the loan balance is over 417k, what are the "other options" for financing? I mean, besides those sweetheart deals that Execs and other "special" people get from their companies>> Ask the seller to hold financing (second mortgage) for the remaining amount above 417K, after a solid loan with good down payment has been approved by the first lender. This won't work if seller has no equity in the property, but if he does have lots of equity and doesn't need to cash it out to meet his next goal in life, the seller can make a lot of money by loaning some money to a solid, credit-verified buyer. The buyer benefits too.