“Owner Financing was the Best Decision based on the Situation”
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Hi Joe.
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.
Molly
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.
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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
Email: joe@righttracfg.com
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.
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what a great story- I know that they are thankful that they met you - good advice is so important - and a trusted advisor is priceless!
In some cases over the years, owner financing saving me several deals only to have the buyers come back and refinance and pay the seller off in a couple of years
Good morning Joe. Sometimes advice not to do business with you at this time pays dividends for years to come. Enjoy your day!
Hopefully the seller has the home paid for because it is dangerous to buy this way if not.