Posted on: 16th Apr, 2011 09:01 pm
Hi...Parents willing to sell their house...valued at 150,000...will sell for 140,000... want to get a conventional loan for 100,000, and a promissory note against the house for 40,000 payable after 14 months. with a view to executing an equity line of credit against the property after one year.
Legal mess??? Thoughts.
Legal mess??? Thoughts.
Hi,
Contact your lender for check your eligibility for conventional loan. About sign promissory note you may proceed with your attorney.
Thanks & regards
Guns.ijjistaff :D
Contact your lender for check your eligibility for conventional loan. About sign promissory note you may proceed with your attorney.
Thanks & regards
Guns.ijjistaff :D