Posted on: 30th Dec, 2012 02:13 pm
I sold a piece of property with a 3 year 3% baloon payment for $124,500 with quartly interest payments. My first check came and was $513.26, I thought it would be $933.75. There was no mention of this being based on anything but a 3 year schedule. So who is correct. Thank you
Dave Johnson
Dave Johnson
Hi Dave,
You should contact the person who has sent you the check and clarify the whole matter. Both of you can discuss the calculations and try to sort out the whole matter.
Thanks
You should contact the person who has sent you the check and clarify the whole matter. Both of you can discuss the calculations and try to sort out the whole matter.
Thanks
You can also take the help of a real estate expert to know who is actually correct.