Posted By DON WEDE on 09/01/2007 11:40 AM
Don Wede- Question?
I want to give a mortgage back to someone I am buying a home from subject too an existing favorable first mortgage. What type of verbiage to I want to put in the mortgage? I am not giving them any cash consideration. This mortgage will provide the seller with recourse for foreclosure if I would ever default on the first mortgage.
Your ideas are welcome.
Thanks
Don Wede