“Owner Financing was the Best Decision based on the Situation”
Thank you so very much for meeting with Mike and I yesterday. You certainly know your stuff and really appreciate your input. Hopefully Mike and I will work on a proposal for the owner. He was the one who offered it so hopefully it will work. Also, know no matter what happens this time around, you will eventually do a mortgage for us.
We will be in touch soon.
Sure, I could have done the mortgage even though there was a short sale a couple of years ago, but I encouraged them to have the seller carry the mortgage which he was willing to do.
Even though he was only willing to do the mortgage based on a 15 year amortization, the rate would be much better than what I could obtain for them.
I coached them on a couple of counter proposals that hopefully the seller will consider as it would help them out for the next couple of years.
Subscribe to my blog via Email:
Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.