Posted on: 25th Dec, 2009 10:46 am
I sold a piece of property for 471000. assume 371, and i carried 100,000 for one year . to date the owner has paid less than 5000.00 can I sell the 2nd note? Note was due 1/1/09 I agreed to extend it one year for interst only payments.
Yes, you can sell it or extend validity for 1 year.