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Old 07-08-2012, 05:04 PM
110 posts, read 571,963 times
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Hey rational1 -Appreciate your input. That is a great idea and I will certainly try it. Thanks!
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Old 07-09-2012, 02:09 PM
7,099 posts, read 23,949,782 times
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My personal experience tends to view the sell-it yourself option. I have done it three times. Twice it worked out just fine. The third time, the buyer skipped town. I quickly reprocessed and resold it. After a few years, the purchasers would go for bank financing. But I allowed them to buy with no down payment.

You make a bundle of money during the first few years of a loan as that's when most of the money is interest payment. If the purchasers refinance, they will be surprised at how little they have actually paid on the loan.
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