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Home-seller financing

By Jack Guttentag Inman News

Most sellers who take back second mortgages from buyers view them as investments that can yield an attractive rate of return. However, I don't view them as very good investments unless a seller can obtain a higher price on the sale. While the promised rate may be high, second mortgages are riskier than first mortgages, and few sellers are qualified to assess the risk.

Hipotecas Prestamos February 19, 2007 12:49 PM

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